Stock Market Watch

Magnum Hunter Resources – NGAS and NuLoch acquisitions helped in revenue increase of 309.6%

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Magnum Hunter Resources Corp (NYSE:MHR). Last Market Price: 4.88, Change: -0.23, % Change: (-4.50%). Shares trade in the range of 4.52 – 4.90 dollars. It has a market capitalization of 616.63M dollars, making it a Small Cap Stock and has 126.36M outstanding shares. The company has a beta of 1.56, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is -0.5. It operates in Energy sector and belongs to Oil and Gas Operations industry. Percentage shares held by institutional investors is 66%. The company has a 52 week Price range (low – high) of $ 2.33 – 8.66. Average volumes of shares traded daily are 4,370,000. Volume traded in the last session was at 2,890,000, 0.66 times the average volume.

  • Reports Q3 (Sep)
    • Loss of $0.05 per share, worse than the estimates
    • Revenues rose 309.6% year on year to $32.44 million
  • Company States: The increase in revenues was driven principally by the significant increase in production derived from both the NGAS and NuLoch acquisitions along with ongoing drilling programs in its three unconventional resource plays.

For Q2 (Jun ’11), It had a Net profit margin of -44.73%, an Operating margin of -41.83%. Other Key stats and ratios are : Return on average assets of -9.21%, Return on average equity of -25.69%. The organization has an employee strength of 165

Consensus Recommendation is a Buy.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 49.80 million dollars, an estimate high of 57.20 million dollars and an estimate low of 44.20 million dollars. A year ago the figures stood at 26.18 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 54.00 million dollars, an estimate high of 56.50 million dollars and an estimate low of 51.17 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of -0.01 dollars, an estimate high of 0.14 dollars and an estimate low of -0.09 dollars. A year ago the figures stood at 0.06 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.03 dollars, an estimate high of 0.12 dollars and an estimate low of 0.00 dollars. A year ago the figures stood at 0.12 dollars.

Sales for Quarter Ending Jun-11 was estimated at 29.24 million dollars, however the actual sales figure stood at 33.44 million dollars, 4.2 million dollars more than estimates.

Sales for Quarter Ending Mar-11 was estimated at 16.49 million dollars, however the actual sales figure stood at 15.32 million dollars, 1.17 million dollars less than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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