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

Rating:
In-line MHR
down 79.12 %

Magnum Hunter Resources Corporation (MHR) rated In-line with price target $7 by Imperial Capital

Posted on: Wednesday,  Aug 13, 2014  12:00 AM ET by Imperial Capital

Imperial Capital rated In-line Magnum Hunter Resources Corporation (NYSE: MHR) on 08/13/2014. Previously Imperial Capital rated Outperform Magnum Hunter Resources Corporation (NYSE: MHR)
on 08/16/2012., when the stock price was $4.36. Since then, Magnum Hunter Resources Corporation has lost 79.13% as of 10/12/2015's recent price of $0.91.
If you would have followed the previous Imperial Capital's recommendation on MHR, you would have lost 79.12% of your investment in 1152 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.

Imperial Capital
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2014 12:00 AM Buy
None
6.04 7.00
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
11/6/2013 8:25 AM Buy
None
7.35 8.00
7/10/2013 11:25 AM Buy
None
3.98 4.00
4/3/2013 10:25 AM Buy
None
4.05 4.50
8/16/2012 8:25 AM Buy
None
4.36 6.00

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