Skip to main content

Market Overview

UPDATE: Rodman & Renshaw Raises Magnum Hunter's PT to $8

Share:

In a recent research report, Rodman & Renshaw increased Magnum Hunter Resources Corp.'s (NYSE: MHR) PT from $7.50 to $8 due to production trending above expectations.

According to Rodman & Renshaw, “Higher EURs in the Marcellus cause our target to rise $0.50 to $8.00, and additional upside could come from continued strong results in the company's core plays. We are maintaining our Market Outperform rating as we see 35%-40% upside from current levels. We arrive at our target price by applying a 1x multiple to our NAV of the company's proved and risked upside reserves, valued at long-term commodity prices of $90/Bbl and $5/Mcf.”

Magnum Hunter Resources closed yesterday at $5.75.

 

Related Articles (MHR)

View Comments and Join the Discussion!

Posted-In: Rodman and RenshawAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com