Magnum Hunter Resources
The 10-second takeaway
For the quarter ended March 31 (Q1), Magnum Hunter Resources missed estimates on revenues and exceeded expectations on earnings per share.
Compared with the prior-year quarter, revenue improved significantly and GAAP loss per share expanded.
Margins grew across the board.
Magnum Hunter Resources tallied revenue of $57.2 million. The seven analysts polled by S&P Capital IQ foresaw net sales of $59.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $15.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.01. The 12 earnings estimates compiled by S&P Capital IQ forecast -$0.03 per share. GAAP EPS were -$0.13 for Q1 versus -$0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 68.9%, 180 basis points better than the prior-year quarter. Operating margin was -20.2%, 700 basis points better than the prior-year quarter. Net margin was -21.8%, 2,190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $69.8 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $293.9 million. The average EPS estimate is -$0.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 156 members out of 168 rating the stock outperform, and 12 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Magnum Hunter Resources a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Magnum Hunter Resources is buy, with an average price target of $8.54.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.