Magnum Hunter Resources Corp. (MHR) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down about 12% in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Magnum Hunter Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas industry include Northern Oil and Gas, Inc. (NOG), WPX Energy, Inc. (WPX) and Black Ridge Oil & Gas, Inc (ANFC). While Northern Oil and Gas Inc. and WPX Energy sport a Zacks Rank #1(Strong Buy), Black Ridge Oil & Gas holds a Zacks Rank #2 (Buy).
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