Imperial Capital lifts its target price on Magnum Hunter Resources (MHR) to $4 from $3 following...

|About: Magnum Hunter Resources Corp. (MHRCQ)|By:, SA News Editor

Imperial Capital lifts its target price on Magnum Hunter Resources (MHR) to $4 from $3 following Q1 results that beat expectations. With the sale of its Eagle Ford operations, MHR's focus is on the development of its Appalachian and Williston basin operations, the firm says; MHR remains committed to the divestiture of $100M-$200M in non-core assets. MHR is now current with all SEC filings, the firm adds.