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Magnum Hunter Resources Corp (NYSE:MHR) Director Joe L. Mcclaugherty acquired 5,000 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 $6.23 per share, with a total value of $31,150.00. Following the completion of the acquisition, the director now directly owns 967,797 shares in the company, valued at approximately $6,029,375. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on MHR. 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 equities research analysts have rated the stock with a hold rating and eleven have assigned 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.

Shares of 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 52-week low of $3.87 and a 52-week high of $9.27. The stock’s 50-day moving average is $6.97 and its 200-day moving average is $7.83. The company’s market cap is $1.244 billion.

Magnum Hunter Resources Corp (NYSE:MHR) last announced its earnings results 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. On average, analysts predict that Magnum Hunter Resources Corp will post $-0.53 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.

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