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

down 58.25 %

Magnum Hunter Resources Corporation (MHR) rated Buy with price target $9 by Global Hunter Securities

Posted on: Friday,  Mar 4, 2011  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy Magnum Hunter Resources Corporation (NYSE: MHR) on 03/04/2011. Previously Global Hunter Securities rated Buy Magnum Hunter Resources Corporation (NYSE:
MHR) on 01/27/2010., when the stock price was $2.18. Since then, Magnum Hunter Resources Corporation has lost 58.26% as of 10/12/2015's recent price of $0.91.
If you would have followed the previous Global Hunter Securities's recommendation on MHR, you would have lost 58.25% of your investment in 2084 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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2011 9:25 AM Buy
7.25 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  -25.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2010 9:25 AM Buy
2.18 3.50

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