Major Writedown Not Expected at Magnum Hunter Resources (MHR), Says Analyst

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CapitalOne Downgrades Magnum Hunter (MHR) to Neutral

April 24, 2013 8:50 AM EDT

CapitalOne downgraded Magnum Hunter (NYSE: MHR) from Add to Neutral.

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 $2.48 yesterday, with a 52 week range of $2.37-$6.45.... More

Imperial Capital Slashes PT on Magnum Hunter (MHR) after Auditors Dismissed

April 19, 2013 9:03 AM EDT

Imperial Capital cut its price target on Magnum Hunter (NYSE: MHR) from $4.50 to $3 after 10-K filing delayed further, and auditor dismissed. The firm maintained an In-Line rating.

The firm comments, "With the release of an 8-K filing after market close on 4/16/13, MHR announced... More

Goldman Suspends Rating on Magnum Hunter Resources (MHR)

April 19, 2013 8:26 AM EDT

Goldman Sachs suspended its on Magnum Hunter Resources (NYSE: MHR). Analyst Brian Singer said, "We have suspended the investment rating, price target, and estimates on Magnum Hunter Resources due to a lack of sufficient visibility into the company's financials, based on the company's announcement... More

Canaccord Sees Opportunity in Magnum Hunter Resources (MHR) Sell-Off

April 18, 2013 8:57 AM EDT

Following a sell-off in Magnum Hunter Resources (NYSE: MHR), analyst Stephen Berman of Canaccord Genuity called fears "overblown." Yesterday the company's CEO made comments about changing its auditor, which helped stabilize shares after a dramatic fall earlier this week.

Berman sees... More

Magnum Hunter Resources (MHR) Doesn't See Restatment

April 17, 2013 5:03 PM EDT

Magnum Hunter Resources (NYSE: MHR) CEO Gary Evans said the company has no lease or title issues and doesn't see a restatement. Issues involve non-cash items.

The company has hired BDO, an auditor with oil and gas experience, to replace the... More