Magnum Hunter Resources Hires Advisors to Explore Strategic Alternatives

SunTrust Downgrades Magnum Hunter (MHR) to Reduce

SunTrust 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.

Magnum Hunter Resources (MHR) Rating Suspended at Deutsche Bank

Magnum Hunter Resources (NYSE: MHR) Rating Suspended at Deutsche Bank

KeyBanc Cuts Magnum Hunter (MHR) to Sector Weight as Assets Sales Seen as Difficult

KeyBanc 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

RBC 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.

Magnum Hunter Resources (MHR) Will Explore Strategic Options

Magnum 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