Magnum Hunter Resources Corp Coverage Initiated at KLR Group (MHR)
KLR Group started coverage on shares of Magnum Hunter Resources Corp (NYSE:MHR) in a research note issued on Tuesday. The firm set a “hold” rating and a $6.00 price target on the stock. KLR Group’s price objective points to a potential downside of 13.17% from the company’s current price.
A number of other analysts have also recently weighed in 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.89.
Shares of Magnum Hunter Resources Corp (NYSE:MHR) opened at 6.91 on Tuesday. Magnum Hunter Resources Corp has a one year low of $4.69 and a one year high of $9.27. The stock’s 50-day moving average is $6.68 and its 200-day moving average is $7.75. The company’s market cap is $1.378 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 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 $-0.52 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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