Montage Resources Corp (NYSE:MR) Receives Consensus Recommendation of “Hold” from Analysts

Montage Resources Corp (NYSE:MR) has earned an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus target price of $11.67 for the company and are forecasting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Montage Resources an industry rank of 164 out of 256 based on the ratings given to its competitors.

A number of brokerages have issued reports on MR. ValuEngine cut Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. Imperial Capital decreased their target price on Montage Resources from $9.00 to $6.00 and set an “inline” rating for the company in a research report on Wednesday, July 10th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, Capital One Financial raised Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th.



Shares of MR traded up $0.16 during trading hours on Monday, reaching $4.28. The company’s stock had a trading volume of 479,915 shares, compared to its average volume of 475,055. The company has a market cap of $152.45 million, a price-to-earnings ratio of 4.58 and a beta of 1.75. Montage Resources has a 1-year low of $4.06 and a 1-year 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 firm has a 50 day moving average of $6.12.

Montage Resources (NYSE:MR) last issued its earnings results on Tuesday, May 7th. The medical instruments supplier reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. The company had revenue of $141.50 million for 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%. Equities research analysts anticipate that Montage Resources will post 0.98 earnings per share for the current fiscal year.

In related news, CEO John K. Reinhart acquired 5,050 shares of the company’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $9.90 per share, for a total transaction of $49,995.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Oleg E. Tolmachev acquired 2,400 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price 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 purchased 8,450 shares of company stock valued at $85,035. 1.01% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MR. Prime Capital Investment Advisors LLC purchased a new stake in shares of Montage Resources during the first quarter worth about $160,000. Sanders Morris Harris LLC purchased a new stake in shares of Montage Resources during the first quarter worth about $5,641,000. Quantamental Technologies LLC purchased a new stake in shares of Montage Resources during the first quarter worth about $27,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Montage Resources during the first quarter worth about $6,670,000. Finally, Boston Partners purchased a new stake in shares of Montage Resources during the first quarter worth about $1,679,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.

About Montage Resources

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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