Share on StockTwits

Magnum Hunter Resources Corp (NYSE:MHR) EVP Hershal C. Ferguson III sold 5,400 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $6.40, for a total transaction of $34,560.00. Following the completion of the transaction, the executive vice president now directly owns 371,190 shares in the company, valued at approximately $2,375,616. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Magnum Hunter Resources Corp from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $8.30 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Magnum Hunter Resources Corp in a research note on Friday, July 18th. They now have a $10.00 price target on the stock, up previously from $9.00. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $9.15.

Shares of Magnum Hunter Resources Corp (NYSE:MHR) traded down 0.78% during mid-day trading on Monday, hitting $6.32. The stock had a trading volume of 5,184,760 shares. Magnum Hunter Resources Corp has a 52-week low of $3.86 and a 52-week high of $9.27. The stock has a 50-day moving average of $7.64 and a 200-day moving average of $8.00. The company’s market cap is $1.115 billion.

Magnum Hunter Resources Corp (NYSE:MHR) last released its earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $70.20 million for the quarter, compared to the consensus estimate of $96.43 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 98.2% on a year-over-year basis. On average, analysts predict that Magnum Hunter Resources Corp will post $-0.62 earnings per share for the current fiscal year.

Magnum Hunter Resources Corporation (NYSE:MHR) is an independent oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in the states of West Virginia, Ohio, Texas, Kentucky and North Dakota and in Saskatchewan, Canada.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.