Last $7.05 USD
Change Today -0.09 / -1.26%
Volume 2.3M
MHR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

magnum hunter resources corp (MHR) Snapshot

Open
$7.17
Previous Close
$7.14
Day High
$7.24
Day Low
$7.04
52 Week High
02/24/14 - $9.27
52 Week Low
07/30/13 - $3.70
Market Cap
1.4B
Average Volume 10 Days
2.6M
EPS TTM
$0.17
Shares Outstanding
199.2M
EX-Date
--
P/E TM
41.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGNUM HUNTER RESOURCES CORP (MHR)

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magnum hunter resources corp (MHR) Details

Magnum Hunter Resources Corporation, an independent oil and natural gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. It operates in three of the unconventional shale resource plays in North America, including the Marcellus Shale, Utica Shale, and Williston Basin/Bakken Shale. As of January 31, 2014, the company had a total of approximately 78,709 net leasehold acres in the Marcellus Shale; approximately 99,078 net leasehold acres prospective for the Utica Shale; and approximately 102,869 net acres in the Bakken/Three Forks Sanish formations in North Dakota. It is also engaged in the midstream and oil field services operations. The company was formerly known as Petro Resources Corporation and changed its name to Magnum Hunter Resources Corporation in July 2009. Magnum Hunter Resources Corporation was incorporated in 1997 and is headquartered in Houston, Texas.

445 Employees
Last Reported Date: 07/17/14
Founded in 1997

magnum hunter resources corp (MHR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $990.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $476.9K
Executive Vice President of Operations and Pr...
Total Annual Compensation: $595.0K
Executive Vice President and President of Wil...
Total Annual Compensation: $478.1K
Executive Vice President and President of Eag...
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

magnum hunter resources corp (MHR) Key Developments

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, Payable on July 31, 2014

Magnum Hunter Resources Corporation announced that it has declared a monthly cash dividend on the company's 10.25% Series C Cumulative Perpetual Preferred Stock, a monthly cash dividend on the company's 8.0% Series D Cumulative Preferred Stock and a monthly cash dividend on the company's 8.0% Series E Cumulative Convertible Preferred Stock. The outstanding shares of Series E Preferred Stock are represented by depositary shares, each representing a 1/1,000(th) interest of a share of Series E Preferred Stock. The dividend on the Series C Preferred Stock, which is for the month of July 2014, is payable on July 31, 2014, to holders of record at the close of business on July 15, 2014. The payment will be an annualized 10.25% per share, which is equivalent to approximately $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock. The dividend on the Series D Preferred Stock, which is for the month of July 2014, is payable on July 31, 2014, to holders of record at the close of business on July 15, 2014. The payment will be an annualized 8.0% per share, which is equivalent to approximately $0.3333 per share, based on the $50.00 per share liquidation preference of the Series D Preferred Stock. The dividend on the Series E Preferred Stock, which is for the month of July 2014, is payable on July 31, 2014, to holders of record at the close of business on July 15, 2014. The payment will be an annualized 8.0% per share of Series E Preferred Stock, which is equivalent to approximately $166.6667 per share, based on the $25,000.00 per share liquidation preference of the Series E Preferred Stock (equivalent to approximately $0.1667 per Depositary Share, based on the $25.00 per Depositary Share liquidation preference).

United States District Court Dismisses Consolidated Securities Class Action Lawsuit Against Magnum Hunter Resources Corporation

Magnum Hunter Resources Corporation announced that the consolidated securities class action lawsuit filed against the company last year has now been dismissed in its entirety by the judge overseeing the case in the United States District Court for the Southern District of New York. With the dismissal of this consolidated securities class action lawsuit on June 23, 2014, the company has been successful in securing dismissals of a total of five separate securities class action and shareholder derivative lawsuits filed in four different judicial courts without any monies paid to any plaintiffs or their respective legal counsel. Three of the lawsuits were dismissed on motions by the defendants, while the other two were voluntarily dismissed by the plaintiffs. The company is currently working to obtain dismissal of the last remaining shareholder derivative lawsuit. The plaintiffs in the consolidated securities class action lawsuit can appeal yesterday's dismissal to the U.S. Court of Appeals for the Second Circuit.

Magnum Hunter Resources Announces Joint Development Venture in Washington County, Ohio

Magnum Hunter Resources Corporation announced the formation of a new Joint Venture under a Joint Operating Agreement with EM Energy Ohio, LLC. The contract area covers an existing mineral leasehold position currently owned by both companies which includes collectively approximately 1,080 net acres in the Marcellus Shale and Utica Shale Formations located in Washington County, Ohio. Terms of the new Agreement include Magnum Hunter's wholly-owned subsidiary, Triad Hunter, LLC and EdgeMarc, collectively working together within the contract area on two units in Washington County, Ohio, the Merlin Pad and the Haynes Pad.

 

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Industry Analysis

MHR

Industry Average

Valuation MHR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.7x
Price/Book 15.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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