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Magnum Hunter Resources Corp (NYSE:MHR) CFO Joseph C. Daches acquired 25,000 shares of Magnum Hunter Resources Corp stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $6.04 per share, for a total transaction of $151,000.00. Following the completion of the acquisition, 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.

Shares of Magnum Hunter Resources Corp (NYSE:MHR) remained flat at $6.5701 during trading on Wednesday. The stock had a trading volume of 1,404,453 shares. Magnum Hunter Resources Corp has a one year low of $3.87 and a one year 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 $1.310 billion.

Magnum Hunter Resources Corp (NYSE:MHR) last posted its quarterly 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 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock 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.

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