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Stock Market & Financial Investment News

News Breaks
January 2, 2013
08:21 EDTMHRMagnum Hunter expands Marcellus and Utica leasehold position in Ohio
Magnum Hunter announced a new Joint Operating Agreement with Eclipse Resources, a privately-held company headquartered in State College, Pennsylvania. The contract area covers an existing mineral leasehold position currently owned by both companies in the Marcellus Shale and Utica Shale Formations located in Monroe County, Ohio. Terms of the new Agreement include Magnum Hunter's wholly-owned subsidiary, Triad Hunter and Eclipse, collectively working together within the contract area on an equal and joint basis on approximately 1,950 net mineral acres with the objective of drilling approximately twelve horizontal wells in the Marcellus Shale and twelve horizontal wells in the Utica Shale over the next three years. It is estimated that the total combined capital costs associated with this development effort in the contract area will exceed $200M.
News For MHR From The Last 14 Days
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May 18, 2015
07:57 EDTMHRTopeka highlights potential E&P takeover targets
Topeka continues to believe that the E&P companies most likely to be acquired are situated in the core areas in the Permian, Eagle Ford, Bakken, Niobrara and Marcellus/Utica. The firm highlights Cabot Oil & Gas (COG), Energen (EGN), Diamondback Energy (FANG), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Magnum Hunter (MHR) and Oasis Petroleum (OAS) as potential takeout targets. It keeps Buy ratings on all the stocks named.
May 14, 2015
10:00 EDTMHROn The Fly: Analyst Downgrade Summary
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07:27 EDTMHRMagnum Hunter downgraded to Hold from Accumulate at KLR Group
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May 11, 2015
07:10 EDTMHRMagnum Hunter reports Q1 adjusted EPS (38c), consensus (32c)
Reports Q1 revenue $55.4M, may not compare to consensus $72.37M. Proved reserves increased 73% in Q1 to 869.2 Bcfe. Reported production of 163.6 MMcfe/d for Q1, a 66% increase over the prior year comparable quarter.

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