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

Rating:
Outperform
MHR
down 81.08 %

Magnum Hunter Resources Corporation (MHR) rated Outperform with price target $6 by RBC Capital Mkts

Posted on: Wednesday,  Sep 19, 2012  11:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Outperform Magnum Hunter Resources Corporation (NYSE: MHR) on 09/19/2012, when the stock price was $4.81.
Since then, Magnum Hunter Resources Corporation has lost 81.08% as of 10/12/2015's recent price of $0.91.
If you would have followed this RBC Capital Mkts's recommendation on MHR, you would have lost 81.08% of your investment in 1118 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/19/2012 11:25 AM Buy
None
4.81 6.00
as of 12/31/2012
1 Week up  0.50 %
1 Month down  -0.99 %
3 Months down  -10.13 %
1 YTD down  -17.04 %

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