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Enter Symbol:
 
Magnum Hunter Resources Corporation (MHR) [hlAlert]

Rating:
Outperform
MHR
down 80.51 %

Magnum Hunter Resources Corporation (MHR) rated Outperform by Credit Suisse

Posted on: Thursday,  Sep 13, 2012  8:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Magnum Hunter Resources Corporation (NYSE: MHR) on 09/13/2012, when the stock price was $4.67.
Since then, Magnum Hunter Resources Corporation has lost 80.51% as of 10/12/2015's recent price of $0.91.
If you would have followed this Credit Suisse's recommendation on MHR, you would have lost 80.51% of your investment in 1124 days.

Magnum Hunter Resources Corporation, formerly Petro Resources Corporation, is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. The acquisition and exploration pursuits of oil and natural gas properties are located in Texas, Louisiana, North Dakota, New Mexico and Kentucky. During the year ended December 31, 2008, the Company owned interests in approximately 286,282 gross (50,611 net) leasehold acres, of which 261,147 gross (43,281 net) acres are classified as undeveloped acreage. As of March 30, 2009, the Company held interests in approximately 238 producing wells in Texas, Louisiana and North Dakota. The Company?s drilling inventory includes prospects located in Texas, Louisiana, New Mexico, North Dakota and Kentucky. As of December 31, 2008, the total proved reserves of the Company were 3,118 thousand barrels of oil equivalent (mboe) net of production.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2012 8:25 AM Buy
None
4.67
as of 12/31/2012
1 Week up  0.50 %
1 Month down  -0.99 %
3 Months down  -10.13 %
1 YTD down  -14.56 %

(*) Stock Price at the time of the recommendation.
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