KLR Group Downgrades Magnum Hunter (MHR) to Accumulate
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Price: $0.15 --0%
Rating Summary:
4 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
4 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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KLR Group downgraded Magnum Hunter (NYSE: MHR) from Buy to Accumulate with a price target of $3.00 (from $3.25).
Analyst John Gerdes cited lower oil and gas price realizations. "Our economics anticipate Magnum Hunter makes its proportionate share of Eureka Hunter midstream capital calls with a six month lag," he said.
For an analyst ratings summary and ratings history on Magnum Hunter click here. For more ratings news on Magnum Hunter click here.
Shares of Magnum Hunter closed at $2.65 yesterday.
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