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Magnum Hunter Resources Corporation (MHR) [hlAlert]

Rating:
Hold MHR
down 66.18 %

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

Posted on: Thursday,  Jan 22, 2015  8:25 AM ET by Stifel

Stifel rated Hold Magnum Hunter Resources Corporation (NYSE: MHR) on 01/22/2015. Previously Stifel rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on
10/01/2014., when the stock price was $5.56. Since then, Magnum Hunter Resources Corporation has lost 66.19% as of 01/22/2015's recent price of $1.88.
If you would have followed the previous Stifel's recommendation on MHR, you would have lost 66.18% of your investment in 113 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.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2015 8:25 AM Hold
None
1.88
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD down  -66.18 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2014 8:25 AM Buy
None
5.56 7.50
6/2/2014 12:00 AM Buy
None
7.74 11.00
4/8/2013 8:25 AM Hold
None
3.94

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