Zacks Investment Research downgraded shares of MAGNUM HUNTER (MHR) from OUTPERFORM to NEUTRAL on July 30, 2012, with a target price of $4.20.
Magnum Hunter Resources Corporation, formerly Petro Resources Corporation, is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. The acquisition and exploration pursuits of oil and natural gas properties are located in Texas, Louisiana, North Dakota, New Mexico and Kentucky. The Company's drilling inventory includes prospects located in Texas, Louisiana, New Mexico, North Dakota and Kentucky. The company is based in Houston, Texas.
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