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Investment analysts at Imperial Capital decreased their price objective on shares of Magnum Hunter Resources Corp (NYSE:MHR) from $8.00 to $7.00 in a note issued to investors on Wednesday. Imperial Capital’s price target would suggest a potential upside of 15.89% from the company’s current price.

A number of other firms have also recently commented on MHR. Analysts at Zacks downgraded shares of Magnum Hunter Resources Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. 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. Finally, analysts at GMP Securities initiated coverage on shares of Magnum Hunter Resources Corp in a research note on Tuesday, June 24th. They set a “buy” rating and a $11.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.08.

Shares of Magnum Hunter Resources Corp (NYSE:MHR) opened at 6.04 on Wednesday. Magnum Hunter Resources Corp has a 52-week low of $3.87 and a 52-week high of $9.27. The stock’s 50-day moving average is $7.20 and its 200-day moving average is $7.89. The company’s market cap is $1.204 billion.

Magnum Hunter Resources Corp (NYSE:MHR) last released its earnings data on Friday, August 8th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.08. The company had revenue of $132.52 million for the quarter, compared to the consensus estimate of $105.50 million. During the same quarter last year, the company posted ($0.18) earnings per share. Magnum Hunter Resources Corp’s revenue was up 57.7% compared to the same quarter last year. Analysts expect that Magnum Hunter Resources Corp will post $-0.59 EPS for the current fiscal year.

In other Magnum Hunter Resources Corp news, EVP Hershal C. Ferguson III unloaded 5,400 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $6.40, for a total transaction of $34,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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.

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