Magnum Hunter Resources Corp Director Jeff Swanson Acquires 1,500 Shares (MHR)
Magnum Hunter Resources Corp (NYSE:MHR) Director Jeff Swanson bought 1,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 4th. The stock was purchased at an average cost of $6.20 per share, for a total transaction of $9,300.00. Following the acquisition, the director now directly owns 136,277 shares of the company’s stock, valued at approximately $844,917. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MHR. Analysts at KLR Group initiated coverage on shares of Magnum Hunter Resources Corp in a research note on Tuesday. They set a “hold” rating and a $6.00 price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Magnum Hunter Resources Corp presently has a consensus rating of “Buy” and a consensus target price of $8.89.
Magnum Hunter Resources Corp (NYSE:MHR) traded down 4.37% during mid-day trading on Thursday, hitting $6.13. The stock had a trading volume of 3,671,321 shares. Magnum Hunter Resources Corp has a 52-week low of $5.18 and a 52-week high of $9.27. The stock has a 50-day moving average of $6.57 and a 200-day moving average of $7.71. The company’s market cap is $1.222 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 $-0.55 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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