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

down 78.93 %

Magnum Hunter Resources Corporation (MHR) rated Buy with price target $12 by Wunderlich

Posted on: Thursday,  Feb 27, 2014  10:25 AM ET by Wunderlich

Wunderlich rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on 02/27/2014. Previously Wunderlich rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on
04/19/2010., when the stock price was $4.32. Since then, Magnum Hunter Resources Corporation has lost 78.94% as of 10/12/2015's recent price of $0.91.
If you would have followed the previous Wunderlich's recommendation on MHR, you would have lost 78.93% of your investment in 2002 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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/27/2014 10:25 AM Buy
8.10 12.00
as of 10/17/2014
1 Week up  5.82 %
1 Month down  -26.01 %
3 Months down  -33.80 %
1 YTD down  -35.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2012 8:25 AM Buy
5.92 10.00
10/17/2011 9:25 AM Buy
4.23 6.00
10/4/2011 8:25 AM Buy
2.58 4.00
1/14/2011 8:25 AM Buy
7.49 8.50
4/19/2010 8:25 AM Buy
4.32 6.00

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