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Stock Market & Financial Investment News

News Breaks
February 24, 2014
07:06 EDTMHRMagnum Hunter reports Q4 adjusted EPS (14c), consensus (21c)
Reports Q4 revenue $59.4M, consensus $84.72M. Oil and gas production increased 44.0% for the three months ended December 31, 2013 to 1.039 million BOE or an average of 11,298 BOE per day.
News For MHR From The Last 14 Days
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May 26, 2015
08:11 EDTMHRMagnum Hunter subsidiary to sell leasehold acreage in West Virginia
Magnum Hunter Resources announced that Triad Hunter, a wholly-owned subsidiary of the Company, has entered into a definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia to an independent exploration and production company. The total sales price is based on a specified dollar amount per net leasehold acre, subject to adjustments to take into consideration the remaining primary terms of the underlying leases and payments required to extend the underlying leases to their maximum available primary terms and customary adjustments for any title defects. The Company anticipates that the net proceeds it will receive from the sale of the Properties will be approximately $40.8M after taking into account the adjustments related to the primary terms of the underlying leases and lease extension costs, but exclusive of adjustments for any title defects. Pursuant to the definitive agreement, the Company has the right, following the closing, to cure any title defects. The sale is scheduled to close on May 28, and is subject to customary closing conditions. The Properties to be sold consist of ownership interests in approximately 5,210 net leasehold acres.
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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