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.
News For MHR From The Last 14 Days
Check below for free stories on MHR the last two weeks.
Magnum Hunter subsidiary announces acquisition of new drilling rig for the Utica Magnum Hunter announced that the company's wholly-owned subsidiary, Alpha Hunter Drilling has taken possession of a new Schramm T500XD robotic drilling rig. The company plans to utilize the Schramm T500XD drilling rig to drill exclusively company owned wells planned in the Utica formation located in Southeastern Ohio for the next three years. With the addition of this new drilling rig, Alpha Hunter's fleet has now grown to five rigs.