What's the reason for this immense drop the last days. 4$ I can understand but below 3$ ??? Are things that bad and will it go below 2.50$ ? I am speechless at the moment. I must be missing something here ....
I am also in IO but down almost 50%. Hold it too long. Too deep in trouble to sell now. Hold on to them and maybe it will recover next year or so. Dead money for now unless a buyout happens. Lesson learned. Could go lower also, but just hoping for the best there.
I could take a huge loss or .... don't look at it for 18 months ! After 18 months it might be back over 8$ or at 0$ !
Well I am dissapointed because I didn't see this coming. But hey , I'm probably not the only one :)
Magnum Hunter Resources Corp. Given “Buy” Rating at Topeka Capital Markets (MHR)
Posted by Zach Kirkland on Sep 30th, 2013 // No Comments
Magnum Hunter Resources Corp. (NYSE:MHR)‘s stock had its “buy” rating reaffirmed by Topeka Capital Markets in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a $8.50 target price on the stock, up from their previous target price of $6.50. Topeka Capital Markets’ price target points to a potential upside of 34.28% from the company’s current price.
The analysts wrote, “While MHR shares have significantly outperformed (up 55.9% since our top pick status on August 22, 2013 vs. peers at 15.5%), we continue to see upside from its asset base and the optionality it provides via potential asset sales and/or JVs. We have discussed several assets earmarked for sale (non-core assets, Eureka Hunter midstream, Utica JV); however, we also believe MHR has the option to sell down a portion of its Marcellus assets. We believe the recent move higher is attributable to speculation around upcoming asset sales, which do not come as a surprise to us, given its rich asset base in the Marcellus/Utica. In this note, we revise higher our RNAV to $10.25 following recent non-core asset sales and as we ascribe greater value to its Marcellus/Utica assets (still at a significant discount to peers). Consequently, we are raising our price target to $8.50 (from $6.50).”
Shares of Magnum Hunter Resources Corp. (NYSE:MHR) traded down 1.74% during mid-day trading on Monday, hitting $6.22. The stock had a trading volume of 1,361,693 shares. Magnum Hunter Resources Corp. has a 52-week low of $2.37 and a 52-week high of $6.39. The stock has a 50-day moving average of $4.9 and a 200-day moving average of $3.96. The company’s market cap is $1.056 billion.
Magnum Hunter Resources Corp. (NYSE:MHR) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.20) earnings per share (EPS) for th
I don't know what is going on ! But I like what I see. According to me IO is undervalued but that 's not why it is up now over 7%. Still think it"s a good investment for the long run.
after dissapointing earnings 5$ seems undervalued ?
looking to add some here, but could it go lower ?
second half 2013 should be better with oil prices steady above 100$ and economy gaining momentum.
any thoughts ?
Huge volume for sure ! PPS up or down big ...? I am long so I am hoping for a close well over 4$. But as the news could also bring some unpleasant surprises MHR could crash and go back to 2$ ! My best guess (if news is good) ... close today at 4.60 $ ! But i might be so wrong ....
That should be the case but they haven't released anything yet so I think they are still working on them. No reason to hold news longer when you're already late. So I am afraid this is bad news. But we'll see. Maybe .... maybe tomorrow we'll know more. Hoping for the best ! That is for "longs" !