Both WTI and Brent crude prices trade in the red amid the situation in Greece, causing investors to flee from riskier assets, according to Reuters.
U.S. crude for August delivery was down 1.93% to $58.48 a barrel as of 12:15 p.m. ET today, after reaching its lowest level since June 8.
Brent crude was down 2.04% to $61.97 a barrel after hitting its lowest level since May 28 of $61.35 a barrel earlier in the session.
Houston-based Magnum Hunter is an independent oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids.
Separately, 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 number of negative factors, 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 unimpressive growth in net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."