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

down 78.17 %

Magnum Hunter Resources Corporation (MHR) rated Outperform with price target $6 by BMO Capital Markets

Posted on: Thursday,  Sep 16, 2010  8:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Outperform Magnum Hunter Resources Corporation (NYSE: MHR) on 09/16/2010, when the stock price was $4.17.
Since then, Magnum Hunter Resources Corporation has lost 78.18% as of 10/12/2015's recent price of $0.91.
If you would have followed this BMO Capital Markets's recommendation on MHR, you would have lost 78.17% of your investment in 1852 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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/16/2010 8:25 AM Buy
4.17 6.00
as of 12/31/2010
1 Week up  5.20 %
1 Month up  15.14 %
3 Months up  70.77 %
1 YTD up  69.54 %

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