Why Magnum Hunter Resources (MHR) Stock Is Gaining Today

NEW YORK (TheStreet) -- Magnum Hunter Resources (MHR) was gaining 4.7% to $6.07 Friday after beating analysts' estimates for earnings and revenue in the second quarter.

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.

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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."

MHR ChartMHR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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