Share on StockTwits

Magnum Hunter Resources Corp (NYSE:MHR) Director Rocky L. Duckworth acquired 2,000 shares of Magnum Hunter Resources Corp stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $12,420.00. Following the transaction, the director now directly owns 27,819 shares of the company’s stock, valued at approximately $172,756. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Magnum Hunter Resources Corp (NYSE:MHR) traded up 5.29% on Tuesday, hitting $6.57. The stock had a trading volume of 6,610,195 shares. 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 $1.310 billion.

Magnum Hunter Resources Corp (NYSE:MHR) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up 57.7% on a year-over-year basis. On average, analysts predict that Magnum Hunter Resources Corp will post $-0.52 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. 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 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 has a consensus rating of “Buy” and a consensus target price 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.

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.