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MHR vs. ETF Alternatives
Company Description
Currently, there's no company description for MHR.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 7, 12:48 PM Magnum Hunter (MHR +3.3%) announces the acquisition of a new drilling rig for the Utica shale in Ohio, which raises its fleet to five rigs. Unlike traditional drilling rigs which are on rails and only allow limited movement, MHR's T500XD rig has a walking sub-base which lifts the entire rig six inches above the ground allowing it to turn and rotate. MHR also discloses a 15.3% passive stake in Penn Virginia (PVA +2%). 7 Comments [Energy, On the Move]
- Wednesday, April 24, 3:10 PM Magnum Hunter (MHR +16.9%) shares have been pushing higher all day, although the only news is the closing of the previously announced sale of Eagle Ford shale properties to Penn Virginia (PVA) for $401M. The stock actually received a downgrade, to Neutral from Add at CapitalOne; earlier this week, Deutsche Bank cut shares to Hold and chopped its price target in half. 4 Comments [Energy, On the Move]
- Friday, April 19, 10:24 AM Goldman suspends coverage of Magnum Hunter (MHR -6.6%) due to a lack of sufficient visibility into MHR's financials following the dismissal of its auditor and another delay in the filing of its 2012 10-K. UBS downgrades shares to Neutral from Buy and cuts its price target to $3 from $5, saying management provided some clarity on its conference call but only from its perspective. 17 Comments [Energy, On the Move]
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Wednesday, April 17, 5:45 PM
After-hours top gainers, as of 5:15 p.m.: CONE +9%. SLCA +4%. MXIM +4%. LNC +4%. MHR +3%.
After-hours top losers: SCSS -7%. CCK -4%. SNDK -3%. NAVB -3%. EBAY -2%. Comment! [On the Move] - Wednesday, April 17, 2:13 PM Magnum Hunter (MHR -18.6%) is defended by SunTrust after the oil and gas explorer fired its auditor, sending shares plunging, Analyst Neal Dingmann says a major writedown is unlikely, and he believes proven reserves, MHR's credit facility and sales in Eagle Ford will not be affected. SunTrust has a Buy rating on the stock with a $10 price target. 7 Comments [Energy, On the Move]
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Wednesday, April 17, 12:59 PM
Midday top 10 gainers: ACUR +53%. ECTY +16%. PCYG +16%. ALKS +15%. OCZ +15%. OGEN +14%. RECV +12%. CASM +11%. ATLS +11%. CHLN +11%.
Midday top 10 losers: EOPN -26%. CNIT -26%. INWK -25%. MHR -21%. CXW -18%. CRMB -16%. CRUS -16%. EPAX -14%. BMI -14%. EMXX -14%. Comment! [On the Move] - Wednesday, April 17, 9:43 AM Magnum Hunter (MHR -17.7%) plunges at the open after disclosing it dismissed Pricewaterhouse as its auditor. MHR says PwC advised that information had come to its attention that if further investigated may have a material impact on the fairness or reliability of consolidated financial statements. 14 Comments [Energy, On the Move]
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Wednesday, April 17, 9:12 AM
Premarket gainers: VRML +29%. ACUR +26%. OCZ +18%. CUR +9%. ALKS +9%. ABMD +9%. ASML +6%.
Losers: EOPN -29%. INWK -25%. CXW -15%. MHR -12%. ZGNX -11%. TXT -9%. CRUS -7%. VRNG -6%. 1 Comment [On the Move] - Tuesday, April 16, 8:40 AM Magnum Hunter (MHR) +5.4% premarket after issuing its Q1 operational update. Total daily production nears 20K boe/day; MHR says it is not cutting its 2013 production guidance even after losing ~3,200 boe/day later this month due to its Eagle Ford sale. Maintains overall $300M upstream capex budget for the year. Comment! [Energy, On the Move]
- Friday, April 12, 1:54 PM Magnum Hunter Resources (MHR -2.5%) begins drilling its first operated well in Ohio's Utica shale, not far from three horizontals drilled by MHR targeting the Marcellus shale to the east. MHR says about half of its 79K-acre net Utica position is in the wet-gas window of the play. 3 Comments [Energy, On the Move]
- Wednesday, April 3, 2:58 PM Recent asset sales (I, II) by Magnum Hunter (MHR +3.9%) and Quicksilver Resources (KWK +2.9%) are just the beginning, as drillers reach a point where their cash flow isn't enough to pay down big debts racked up in the shale land grab. The combined long-term debt for 85 small and midsize U.S. drillers was more than $130B at the end of Q3 2012, according to one estimate. 2 Comments [Energy, On the Move]
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Wednesday, April 3, 9:10 AM
Premarket gainers: CALL +14%. CONN +10%. ZNGA +10%. ASTX +10%. UNXL +9%. AWRE +9%. OMPI +9%. NVAX +9%. ALXA +8%. MHR +7%. NFX +6%.
Losers: MSPD -19%. GPN -7%. 3 Comments [On the Move] - Monday, March 18, 8:18 AM Magnum Hunter (MHR) -4.1% premarket after announcing a delay in filing its annual report past the March 18 extended due date because of previously disclosed material weaknesses in its internal controls over financial reporting. MHR says it has sufficient liquidity and projected cash flow from operations to fund its projected FY 2013 upstream capital budget of $300M. 9 Comments [Energy, On the Move]
- Tuesday, February 12, 11:03 AM In its latest operations update, Magnum Hunter (MHR -1.7%) sets its 2013 capex budget at $300M, and offers 2013 exit rate production guidance of 23K-25K boe/day, a 24%-35% Y/Y growth rate. Comment! [Energy, On the Move]
- Thursday, January 24, 12:12 PM Magnum Hunter (MHR -5%) is downgraded to Hold from Buy with a $4.50 price target, down from $6.50, at Jefferies, following a reserve report which showed MHR's resources acquired and discovered are less prolific and more expensive than expected. But 2013 could be a turning point if MHR succeeds at selling high-cost properties and managing its overspending. 1 Comment [Energy, Quick Ideas, On the Move]
- Tuesday, January 22, 3:54 PM Magnum Hunter (MHR +4.6%) says it plans to drill a minimum of four Utica test wells in Ohio this year, with further development on the leasehold position expected later in the year. The first well will be a vertical pilot for extensive logging and coring, then plans are to plug back and drill a ~6K-ft. lateral in the Point Pleasant portion of the Utica. 8 Comments [Energy, On the Move]
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Clayton Rulli
Cramer on $MHR : "I have had it with Magnum Hunter. I screwed up on it. They have too many problems. They blew it." - View all 10 replies
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Mike Maher: Hmm thats strange, I like how SA stock talk is where I find important info, and not major news outlets. Thanks for the heads up walpole
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Mike Maher
Ohio DNR confrence starting now follow #ohioutica for updates $MHR $GPOR $PDCE $CHK $HES http://bit.ly/19zrYVh - View all 6 replies
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Kevin Chapman: "Richard Zeits states it is a buyers market in the shale plays". Sounded similar of the recent articles he wrote about $CHK/Marcellus sales -
Mike Maher: SA should talk that up, give the man credit where credit is due
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inandoutnevertoolate
$PVA look at it go. (sold too early) Should also be a win for $MHR who got shares at $4 in exchange for shale oil acreage sale. - View all 0 replies
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Mike Maher: If you read the transcript of the conference call about the auditor switch I think thats where I heard it?
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losbronces: To meet the requirements of their creditors, they cannot make the payments on ps until the filings are updated. Still accumulating though.
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Ocean Man: After averaging down on the big drop, I needed $3.05 to break even. $3.17 is a 4% gain I am quite happy to take.
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jmok322: Good trade! Prob should have gone in with you in the low 2s but seemed to be too much financial instability at the time
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LATEST REPLIES
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Clayton Rulli
Cramer on $MHR : "I have had it with Magnum Hunter. I screwed up on it. They have too many problems. They blew it." - View all 10 replies
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Mike Maher: Hmm thats strange, I like how SA stock talk is where I find important info, and not major news outlets. Thanks for the heads up walpole
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Mike Maher
Ohio DNR confrence starting now follow #ohioutica for updates $MHR $GPOR $PDCE $CHK $HES http://bit.ly/19zrYVh - View all 6 replies
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Kevin Chapman: "Richard Zeits states it is a buyers market in the shale plays". Sounded similar of the recent articles he wrote about $CHK/Marcellus sales
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Mike Maher: SA should talk that up, give the man credit where credit is due
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- View all 2 replies
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- View all 6 replies
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Mike Maher: If you read the transcript of the conference call about the auditor switch I think thats where I heard it?
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losbronces: To meet the requirements of their creditors, they cannot make the payments on ps until the filings are updated. Still accumulating though.
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- View all 2 replies
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Ocean Man: After averaging down on the big drop, I needed $3.05 to break even. $3.17 is a 4% gain I am quite happy to take.
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jmok322: Good trade! Prob should have gone in with you in the low 2s but seemed to be too much financial instability at the time
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Clayton Rulli
from $MHR 8-k : unproved property impairments in the amount of $71 million which will be recorded in the quarter ended December 31, 2012. - View all 7 replies
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mrfocus: Heavy yet short term pain... you think its factored into the share price yet??
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Ocean Man: MHR's trouble is from disagreeing with the previous auditor, not hiring BDO.
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bkuchen: Interesting point...Now we must see how this issue is resolved.
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zack54: I agree, I've just gotten long at 2.75 and all my sources and info I've read gives me a .25 down and 2.25 up for 2013
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bkuchen: On the -.25 front...where have you dug to come up with this?
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Albert Alfonso: Wow, MHR really got crushed, even the preferred loss like 8%. -
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Clayton Rulli: nice. I cant believe I bought this thing but what the heck!
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