For the second quarter Magnum Hunter reported a loss of -9 cents a share, beating the Capital IQ Consensus Estimate of a loss of -18 cents a share by 9 cents. Revenue grew 57.7% from the year-ago quarter to $78.2 million. Analysts expected revenue of $109.31 million for the quarter.
TheStreet Ratings team rates MAGNUM HUNTER RESOURCES CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MAGNUM HUNTER RESOURCES CORP (MHR) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and weak operating cash flow."
- You can view the full analysis from the report here: MHR Ratings Report