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Magnum Hunter Resources Corporation (MHR) [hlAlert]

Rating:
Buy MHR
down 87.30 %

Magnum Hunter Resources Corporation (MHR) rated Buy with price target $10 by Stifel Nicolaus

Posted on: Thursday,  Jan 20, 2011  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on 01/20/2011, when the stock price was $7.17.
Since then, Magnum Hunter Resources Corporation has lost 87.31% as of 10/12/2015's recent price of $0.91.
If you would have followed this Stifel Nicolaus's recommendation on MHR, you would have lost 87.3% of your investment in 1726 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 Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/20/2011 8:25 AM Buy
None
7.17 10.00
as of 12/30/2011
1 Week up  15.41 %
1 Month up  12.05 %
3 Months up  62.83 %
1 YTD down  -24.82 %

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