Jefferies Group Gives Buy Rating to Magnum Hunter (MHR)

By admin | 6 years ago

Magnum Hunter (NYSE: MHR)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group (NYSE: JEF) in a report issued on Monday.

Magnum Hunter opened at 5.34 on Monday. Magnum Hunter has a 1-year low of $2.33 and a 1-year high of $8.19. The company’s market cap is $719.2 million.

Magnum Hunter last released its earnings data on Wednesday, February 29th. The company reported ($0.05) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.05). The company’s revenue for the quarter was up 403.6% on a year-over-year basis. On average, analysts predict that Magnum Hunter will post $0.01 earnings per share next quarter.

MHR has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of Magnum Hunter from $10.00 to $12.00 in a research note to investors on Thursday, April 19th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Magnum Hunter in a research note to investors on Friday, March 2nd. They now have a $9.00 price target on the stock. Finally, analysts at Rodman & Renshaw raised their price target on shares of Magnum Hunter to $8.00 in a research note to investors on Tuesday, February 21st.

Magnum Hunter Resources Corporation (Magnum Hunter) is an independent oil and gas company engaged in the acquisition, development and production of oil and natural gas, primarily in West Virginia, North Dakota, Texas and Louisiana.

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