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Magnum Hunter Resources Corporation (MHR) [hlAlert]

Hold MHR
down 3.62 %

Magnum Hunter Resources Corporation (MHR) downgraded to Hold by Jefferies

Posted on: Thursday,  Jan 24, 2013  8:25 AM ET by Jefferies

Jefferies rated Hold Magnum Hunter Resources Corporation (NYSE: MHR) on 01/24/2013. Previously Jefferies rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on
10/11/2010., when the stock price was $4.41. Since then, Magnum Hunter Resources Corporation has lost 3.63% as of 01/24/2013's recent price of $4.25.
If you would have followed the previous Jefferies's recommendation on MHR, you would have lost 3.62% of your investment in 836 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.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2013 8:25 AM Hold
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  6.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2010 9:25 AM Buy
4.41 4.80
7/30/2010 9:25 AM Hold
4.55 4.80

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