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Magnum Hunter Resources Corporation (MHR) [hlAlert]

Rating:
Sector Weight
MHR
3 Months Gains
down 91.61 %

Magnum Hunter Resources Corporation (MHR) rated Sector Weight by KeyBanc Capital Mkts

Posted on: Monday,  Oct 12, 2015  10:25 AM ET by KeyBanc Capital Mkts

Magnum Hunter Resources Corporation
(NYSE: MHR) rated Sector Weight by KeyBanc Capital Mkts.

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.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2015 10:25 AM None
None
0.40
as of 8/27/2015
1 Week up  12.34 %
1 Month down  -48.29 %
3 Months down  -50.54 %
1 YTD down  -87.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/23/2010 8:25 AM Buy
None
4.76 5.75

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