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Magnum Hunter Resources Corp (NYSE:MHR) Director James Raleigh Bailes acquired 10,000 shares of Magnum Hunter Resources Corp stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $6.29 per share, for a total transaction of $62,900.00. Following the completion of the purchase, the director now directly owns 171,072 shares in the company, valued at approximately $1,076,043. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.08.

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 has a 50-day moving average of $6.92 and a 200-day moving average of $7.82. The company’s market cap is $1.310 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 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. Analysts expect that Magnum Hunter Resources Corp will post $-0.52 EPS 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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