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

Neutral MHR
up 6.80 %

Magnum Hunter Resources Corporation (MHR) downgraded to Neutral with price target $4.50 by UBS

Posted on: Thursday,  Aug 22, 2013  10:25 AM ET by UBS

UBS rated Neutral Magnum Hunter Resources Corporation (NYSE: MHR) on 08/22/2013. Previously UBS rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on
03/19/2013., when the stock price was $3.97. Since then, Magnum Hunter Resources Corporation has gained 6.80% as of 08/22/2013's recent price of $4.24.
If you would have followed the previous UBS's recommendation on MHR, you would have gained 6.8% of your investment in 156 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/22/2013 10:25 AM Hold
4.24 4.50
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  6.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2013 12:25 PM Buy
3.97 5.00

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