Magnum Hunter downgraded to Hold from Buy at Jefferies Jefferies downgraded Magnum Hunter citing the company's weaker than expected 2012 reserve report. The firm lowered its price target for shares to $4.50 from $6.50.
Energy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says Energy Transfer Equity (ETE) is making a bid to acquire Magnum Hunter Resources' (MHR) stake in the Eureka Hunter Pipeline, Bloomberg reports, citing people with knowledge of the matter. The approximately 46% stake may be worth as much as $600M, the report says. Reference Link