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

Magnum Hunter Resources Corp (NYSE:MHR) traded up 0.91% on Wednesday, hitting $6.63. 1,030,935 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 $6.92 and its 200-day moving average is $7.82. The company’s market cap is $1.322 billion.

Magnum Hunter Resources Corp (NYSE:MHR) last posted its quarterly earnings results 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 in the prior year, the company posted ($0.18) earnings per share. The company’s quarterly revenue 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.

A number of analysts have recently weighed in on MHR shares. 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 assigned a buy rating to the company’s stock. Magnum Hunter Resources Corp has a consensus rating of “Buy” and a consensus 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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