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

Rating:
Outperform
MHR
down 86.49 %

Magnum Hunter Resources Corporation (MHR) rated Outperform with price target $9 by Robert W. Baird

Posted on: Thursday,  Feb 17, 2011  8:25 AM ET by Robert W. Baird

Robert W. Baird rated Outperform Magnum Hunter Resources Corporation (NYSE: MHR) on 02/17/2011, when the stock price was $6.74.
Since then, Magnum Hunter Resources Corporation has lost 86.50% as of 10/12/2015's recent price of $0.91.
If you would have followed this Robert W. Baird's recommendation on MHR, you would have lost 86.49% of your investment in 1698 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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2011 8:25 AM Buy
None
6.74 9.00
as of 12/30/2011
1 Week up  15.41 %
1 Month up  12.05 %
3 Months up  62.83 %
1 YTD down  -20.02 %

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