Montage Resources Corp (NYSE:MR) – Equities research analysts at Imperial Capital increased their Q2 2019 EPS estimates for shares of Montage Resources in a research report issued to clients and investors on Tuesday, July 9th. Imperial Capital analyst I. Haas now expects that the medical instruments supplier will post earnings of ($0.11) per share for the quarter, up from their previous estimate of ($0.15). Imperial Capital has a “Inline” rating and a $6.00 price target on the stock. Imperial Capital also issued estimates for Montage Resources’ Q3 2019 earnings at ($0.10) EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $0.98 EPS and FY2020 earnings at $2.92 EPS.
Montage Resources (NYSE:MR) last released its earnings results on Tuesday, May 7th. The medical instruments supplier reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. The company had revenue of $141.50 million during the quarter, compared to the consensus estimate of $125.10 million. Montage Resources had a return on equity of 8.73% and a net margin of 1.35%.
MR stock opened at $5.09 on Friday. The company has a market capitalization of $181.29 million, a P/E ratio of 5.66 and a beta of 1.75. Montage Resources has a twelve month low of $5.01 and a twelve month high of $27.15. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $6.67.
In other Montage Resources news, CEO John K. Reinhart bought 5,050 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $9.90 per share, with a total value of $49,995.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Oleg E. Tolmachev bought 2,400 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of $10.45 per share, with a total value of $25,080.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,450 shares of company stock valued at $85,035. 1.01% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Prime Capital Investment Advisors LLC acquired a new stake in shares of Montage Resources in the 1st quarter valued at $160,000. Sanders Morris Harris LLC acquired a new stake in shares of Montage Resources in the 1st quarter valued at $5,641,000. Quantamental Technologies LLC acquired a new stake in shares of Montage Resources in the 1st quarter valued at $27,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Montage Resources in the 1st quarter valued at $6,670,000. Finally, Boston Partners acquired a new stake in shares of Montage Resources in the 1st quarter valued at $1,679,000. 75.09% of the stock is owned by hedge funds and other institutional investors.
Montage Resources Company Profile
Montage Resources Corporation operates as an oil and natural gas exploration and production company. As of December 31, 2018, it had an acreage position comprising approximately 241,000 net acres in Ohio and Pennsylvania; and had estimated proved reserves of 1,864.7 billion cubic feet of natural gas equivalent.
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