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Magnum Hunter Resources Inc. (MHR) Chairman of the Board Gary C Evans buys 86,705 Shares

November 09, 2009 | About:
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Chairman of the Board of Magnum Hunter Resources Inc. (MHR) Gary C Evans buys 86,705 shares of MHR on 11/05/2009 at an average price of $1.73 a share.

Magnum Hunter Resources Corporation, formerly Petro Resources Corporation, is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. The acquisition and exploration pursuits of oil and natural gas properties are located in Texas, Louisiana, North Dakota, New Mexico and Kentucky. The Company's drilling inventory includes prospects located in Texas, Louisiana, New Mexico, North Dakota and Kentucky. The company is based in Houston, Texas. Magnum Hunter Resources Inc. has a market cap of $72.64 million; its shares were traded at around $1.78 with and P/S ratio of 4.57.

Insiders' Positions with MHR


  • Buy:: Director Jeff Swanson bought 10,500 shares of MHR stock on 09/23/2009 at the average price of 1.27, the price of the stock has increased by 40.16% since

  • Buy:: Director Joe L Mcclaugherty bought 20,000 shares of MHR stock on 07/08/2009 at the average price of 0.57, the price of the stock has increased by 212.28% since

  • Buy:: Director Joe L Mcclaugherty bought 20,000 shares of MHR stock on 07/08/2009 at the average price of 0.57, the price of the stock has increased by 212.28% since

  • Buy:: Director Joe L Mcclaugherty bought 20,000 shares of MHR stock on 07/08/2009 at the average price of 0.57, the price of the stock has increased by 212.28% since

  • Buy:: Director Joe L Mcclaugherty bought 50,000 shares of MHR stock on 06/22/2009 at the average price of 0.57, the price of the stock has increased by 212.28% since


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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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