NEW YORK (

TheStreet

) --

Magnum Hunter Resources

(NYSE:

MHR

) hit a new 52-week high Wednesday as it traded at $8.35 compared with its previous 52-Week high of $8.34. Magnum Hunter is changing hands at $8.33 with 1.5 million shares traded as of 2:07 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Magnum Hunter has a market cap of $584.9 million and is part of the

basic materials

sector and

energy

industry. Shares are up 10.8% year to date as of the close of trading on Tuesday.

Magnum Hunter Resources Corporation, an independent oil and gas company, engages in the acquisition, development, and production of oil and natural gas primarily in West Virginia, North Dakota, Texas, and Louisiana.

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TheStreet Ratings rates Magnum Hunter as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

Magnum Hunter Ratings Report

.

See all

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.

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