Last $4.64 USD
Change Today +0.04 / 0.87%
Volume 5.7M
MHR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

magnum hunter resources corp (MHR) Snapshot

Open
$4.58
Previous Close
$4.60
Day High
$4.67
Day Low
$4.30
52 Week High
02/24/14 - $9.27
52 Week Low
10/15/14 - $3.70
Market Cap
926.3M
Average Volume 10 Days
5.8M
EPS TTM
$-1.26
Shares Outstanding
199.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGNUM HUNTER RESOURCES CORP (MHR)

magnum hunter resources corp (MHR) Related Businessweek News

No Related Businessweek News Found

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 Corporation Announces Closing of New Credit Facilities and Refinancing of Prior Revolving Credit Facility

Magnum Hunter Resources Corporation announced that it has closed on two new credit facilities and completely refinanced its prior revolving credit facility. The new credit facilities consist of i) a $50 million senior secured first lien reserve-based revolving credit facility, maturing four years after the closing date, and ii) a $340 million senior secured second lien term loan, maturing five years after the closing date. Proceeds from the new term loan were used to repay 100% of the outstanding borrowings under the Company's prior revolving credit facility (approximately $241 million) along with customary transaction costs. The new available proceeds will be used primarily to fund the Company's upstream operations in the Marcellus and Utica Shale plays of West Virginia and Ohio and for general corporate purposes. The closing of these new credit facilities has significantly enhanced the Company's current liquidity position and provides it with greater financial flexibility to execute on its upstream development program in West Virginia and Ohio. Following the closing of the new credit facilities, the Company had total liquidity of $212 million, comprised of $164 million of cash and $48 million of borrowing availability under its new senior secured revolving credit facility. Credit Suisse Securities (USA) LLC and BMO Capital Markets acted as joint lead arrangers for the two new credit facilities.

Magnum Hunter Resources Corporation Completes Production Test Results on Stewart Winland Pad in Tyler County, West Virginia

Magnum Hunter Resources Corporation announced that the company has completed test results on its 100% owned Stewart Winland Pad located in Tyler County, West Virginia. The Stewart Winland Pad has four 100% owned recently completed wells (3 Marcellus and 1 Utica). The Stewart Winland 1301M was drilled and cased to a true vertical depth of 6,155 feet with a 5,762 foot horizontal lateral, and successfully fraced with 27 stages. The well tested at a peak rate of 17.0 MMCFE of natural gas per day (23% Condensate and 25% NGL) on an adjustable choke. The Stewart Winland 1302M was drilled and cased to a true vertical depth of 6,147 feet with a 5,676 foot horizontal lateral, and successfully fraced with 29 stages. The well tested at a peak rate of 17.1 MMCFE of natural gas per day (19% Condensate and 26% NGL) on an adjustable choke. The Stewart Winland 1303M was drilled and cased to a true vertical depth of 6,149 feet with a 5,762 foot horizontal lateral, and successfully fraced with 29 stages. The well tested at a peak rate of 16.8 MMCFE of natural gas per day (20% Condensate and 26% NGL) on an adjustable choke.

Magnum Hunter Resources Corp. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 10:10 AM

Magnum Hunter Resources Corp. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 10:10 AM. Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Gary C. Evans, Chairman and Chief Executive Officer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MHR:US $4.64 USD +0.04

MHR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Clayton Williams Energy Inc $83.14 USD +3.48
Contango Oil & Gas Co $36.57 USD +0.86
Northern Oil and Gas Inc $11.30 USD +0.41
Sanchez Energy Corp $17.07 USD +1.01
Triangle Petroleum Corp $7.75 USD +0.09
View Industry Companies
 

Industry Analysis

MHR

Industry Average

Valuation MHR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 5.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MAGNUM HUNTER RESOURCES CORP, please visit www.magnumhunterresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.