Dallas, Texas 09/18/2013 (Financialstrend) – Brian Burgher, the Senior Vice-president of Magnum Hunter Resources Corp (NYSE:MHR) sold-off 144,000 shares of company stock on the open-market. The transaction took place on Monday 16 September. The stock was sold-off at an average-price of $5.45, for a total-value of $784,800.00. This sale was disclosed in a SEC filing.
Analysts opine
Numerous analysts have weighed on the company stock lately. Canaccord Genuity analysts upped their PT on the stock from $5.50 to $6.50 on 11 September and have assigned a “buy” rating in the stock. Robert W Baird analysts have raised their PT on the company’s shares from $5.00 to $6.00 on 26 August and have now assigned an “outperform” rating on the stock. Topeka Capital Markets’ analysts have upgraded Magnum Hunter Resources Corp (NYSE:MHR) shares to a “top pick” rating on 22 August.
Eight research-analysts have assigned a “hold” rating on the stock, 6 analysts have assigned a”buy” rating and 1 has assigned a “strong buy” rating. The average rating on the stock is a “buy’ and the average PT is $5.27.
Tuesday’s trading
In Tuesday’s trading, Magnum Hunter Resources Corp (NYSE:MHR) stock dipped 1.49%. The opening price of the shares was $5.35 which touched an intraday high of $5.38 and dipped to close at $5.29. Approximately 3.63 million shares were bought and sold in Tuesday’s trading while the average volume of shares traded over a period of 30 days was 3.90 million. The company has a market cap of $9.5.79 million. The company has a 52 week low of $2.37 and its 52-week high is $5.86. Its 50-day moving average is $4.54 and the 200-day moving average is $3.84.
Magnum Hunter Resources Corp (NYSE:MHR) last issued its quarterly-earnings data on 19 August. It reported earnings per share of $0.20 for the quarter, which missed the average analysts’ estimate of $0.12 by $0.08.
