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UPDATE: Deutsche Bank Initiates Magnum Hunter Resources at Buy with $6 PT

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Deutsche Bank initiated its coverage on Magnum Hunter Resources (NYSE: MHR) with a Buy rating and a $6 price target based on asset attractiveness.

Deutsche Bank commented, "With core assets located in three of the Lower 48's premier plays, Magnum Hunter Resources offers an attractive small-cap play on the Eagle Ford and Bakken. Despite peer leading volume and cash flow growth over the next 18 months and much improved operating scale and financial liquidity, MHR's valuation discount still appears to reflect prior uncertainty surrounding growth and funding."

Magnum Hunter Resources closed at $3.98 on Thursday.

Latest Ratings for MHR

DateFirmActionFromTo
Jun 2015Capital One FinancialUpgradesUnderweightEqualweight
Jun 2015Imperial CapitalDowngradesIn-lineUnderperform
May 2015Canaccord GenuityDowngradesBuyHold

View More Analyst Ratings for MHR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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