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Stock Market & Financial Investment News

News Breaks
February 28, 2013
17:29 EDTMHRMagnum Hunter to delay filing Form 10-K
As previously disclosed in filings with the SEC, in October and November 2012, Magnum Hunter Resources identified material weaknesses in its internal controls over financial reporting in connection with its (i) lack of sufficient qualified personnel to design and manage an effective control environment, (ii) period-end financial reporting process and (iii) share-based compensation. The company devoted substantial time and effort to correcting the previously-filed financial statements and information that were impacted by these material weaknesses. Further, the company implemented, and continues to implement, measures that it believes will effectively address these weaknesses in the future. The implementation of these measures has entailed the substantial efforts of accounting staff and the use of external resources. Additionally, the company has devoted significant resources to preparing financial statements and information relating to the company and its subsidiaries for inclusion in the exchange offer for Senior Notes contemplated by the company's Registration Statement on Form S-4, which was declared effective by the SEC on February 7. The change in the company’s independent auditors, which occurred in July 2012, has resulted in a normal transition between accounting firms that has required the company to devote more resources to this transition. Therefore, additional internal controls and significant review of certain financial matters were required by the new auditors. The diversion of these resources has caused the company to be unable to compile all information necessary to prepare and file its Annual Report on Form 10-K for the year ended December 31, 2012 within the prescribed period (on or before March 1) without unreasonable effort or expense. The company anticipates that it will file its Annual Report on Form 10-K no later than March 18.
News For MHR From The Last 14 Days
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June 30, 2015
07:25 EDTMHRMagnum Hunter provides update on previously disclosed class action lawsuit
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June 25, 2015
10:00 EDTMHROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
08:33 EDTMHRMagnum Hunter upgraded to Equalweight from Underweight at Capital One
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06:48 EDTMHRMagnum Hunter 'determined' to pursue sale of 100% of interest in Eureka Hunter
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June 19, 2015
17:27 EDTMHRRelational Investors lowers stake in Magnum Hunter to 10.51% from 13.2%
15:57 EDTMHRMagnum Hunter spikes after senior bank loan extended
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