Magnum Hunter Resources Hires Advisors to Explore Strategic Alternatives
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SunTrust Downgrades Magnum Hunter (MHR) to Reduce
October 13, 2015 7:48 AM EDTSunTrust Robinson Humphrey downgraded Magnum Hunter (NYSE: MHR) from Buy to Reduce.
For an analyst ratings summary and ratings history on Magnum Hunter click here. For more ratings news on Magnum Hunter click here.
Shares of Magnum Hunter closed at $0.37 yesterday.
... MoreMagnum Hunter Resources (MHR) Rating Suspended at Deutsche Bank
October 12, 2015 4:15 PM EDTMagnum Hunter Resources (NYSE: MHR) Rating Suspended at Deutsche Bank
... MoreKeyBanc Cuts Magnum Hunter (MHR) to Sector Weight as Assets Sales Seen as Difficult
October 12, 2015 8:59 AM EDTKeyBanc downgraded Magnum Hunter (NYSE: MHR) from Overweight to Sector Weight. The change follows news Magnum Hunter retained financial and legal advisors to explore potential strategic alternatives. Analyst David Deckelbaum said the news casts doubt on potential JVs and asset sales.
"These moves come in conjunction with the suspension of its Series C,D, & E preferred dividends' resulting savings of ~$35M/yr. Given prior ambitions to raise liquidity through JVs and asset sales, namely targeting $450M-$600M from Eureka Hunter midstream, we view the announcement as casting... More
RBC Capital Downgrades Magnum Hunter (MHR) to Sector Perform
October 12, 2015 6:59 AM EDTRBC Capital downgraded Magnum Hunter (NYSE: MHR) from Outperform to Sector Perform with a price target of $1.00 (from $1.50).
For an analyst ratings summary and ratings history on Magnum Hunter click here. For more ratings news on Magnum Hunter click here.
Shares of Magnum Hunter closed at $0.59 yesterday.
... MoreMagnum Hunter Resources (MHR) Will Explore Strategic Options
October 12, 2015 6:47 AM EDTMagnum Hunter Resources (NYSE: MHR) announced that it has hired PJT Partners LP (NYSE: PJT) (the combination of Blackstone's advisory businesses and PJT Capital LP, a global financial advisory firm founded by Paul J. Taubman), as financial advisor, and Kirkland & Ellis LLP, as special legal advisor, to advise management and the Company's Board of Directors regarding potential strategic alternatives to enhance liquidity and address the Company's current capital structure. As previously disclosed, the Company has actively worked to manage its balance sheet, including potential... More
