- Magnum Hunter (MHR +0.6%) pushes to a gain as Topeka Capital maintains a Buy rating on the shares with a $10 price target following recent horizontal production data from Ohio, including the Utica/Point Pleasant zone.
- MHR is the best way to play the increasing activity and improving results from Utica/Point Pleasant, the firm says; MHR's position in Ohio and northern West Virginia is situated adjacent to Antero Resources (AR), but trading at about a third of the acreage valuation.
- Topeka notes the highly anticipated Utica well off the Stalder pad in Monroe County is expected in the coming week or so.
Data shows Magnum Hunter well positioned, Topeka says
Jan 2 2014, 15:41 ET