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Magnum Hunter Resources Corporation (MHR) [hlAlert]

Rating:
Buy MHR
down 83.77 %

Magnum Hunter Resources Corporation (MHR) rated Buy with price target $1.50 by Topeka Capital Markets

Posted on: Monday,  Oct 12, 2015  8:25 AM ET by Topeka Capital Markets

Topeka Capital Markets rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on 10/12/2015. Previously Topeka Capital Markets rated Buy Magnum Hunter Resources Corporation (NYSE:
MHR) on 10/06/2014., when the stock price was $5.61. Since then, Magnum Hunter Resources Corporation has lost 83.78% as of 10/12/2015's recent price of $0.91.
If you would have followed the previous Topeka Capital Markets's recommendation on MHR, you would have lost 83.77% of your investment in 371 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.

Topeka Capital Markets
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2015 8:25 AM Buy
None
0.37 1.50
as of 8/27/2015
1 Week up  12.34 %
1 Month down  -48.29 %
3 Months down  -50.54 %
1 YTD down  -83.77 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/6/2014 10:25 AM Buy
None
5.61 10.00

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