Magnum Hunter Resources (MHR) Rating Suspended at Deutsche Bank
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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
