Magnum Hunter Resources Corp CFO Buys $151,000 in Stock (MHR)
Magnum Hunter Resources Corp (NYSE:MHR) CFO Joseph C. Daches acquired 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $6.04 per share, with a total value of $151,000.00. Following the purchase, the chief financial officer now directly owns 406,500 shares of the company’s stock, valued at approximately $2,455,260. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Magnum Hunter Resources Corp (NYSE:MHR) traded down 1.11% on Monday, hitting $6.24. 2,595,649 shares of the company’s stock traded hands. Magnum Hunter Resources Corp has a 1-year low of $3.87 and a 1-year high of $9.27. The stock has a 50-day moving average of $6.97 and a 200-day moving average of $7.83. The company’s market cap is $1.244 billion.
Magnum Hunter Resources Corp (NYSE:MHR) last released its earnings data on Friday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ 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 $-0.53 EPS for the current fiscal year.
MHR has been the subject of a number of recent research reports. Analysts at Imperial Capital cut their price target on shares of Magnum Hunter Resources Corp from $8.00 to $7.00 in a research note on Wednesday, August 13th. They now have an “in-line” rating on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Magnum Hunter Resources Corp presently has an average rating of “Buy” and an average price target of $9.08.
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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