Q1 2020 EPS Estimates for Montage Resources Corp Decreased by Imperial Capital (NYSE:MR)

Montage Resources Corp (NYSE:MR) – Stock analysts at Imperial Capital decreased their Q1 2020 earnings per share (EPS) estimates for shares of Montage Resources in a note issued to investors on Monday, November 11th. Imperial Capital analyst I. Haas now anticipates that the medical instruments supplier will post earnings of $0.63 per share for the quarter, down from their prior forecast of $0.67. Imperial Capital currently has a “Outperform” rating and a $7.00 target price on the stock. Imperial Capital also issued estimates for Montage Resources’ Q3 2020 earnings at $0.11 EPS.

Several other analysts also recently weighed in on the company. Royal Bank of Canada set a $17.00 price objective on Montage Resources and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research downgraded Montage Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 30th. Capital One Financial upgraded Montage Resources from an “equal weight” rating to an “overweight” rating and set a $10.00 price objective for the company in a report on Friday, November 8th. TheStreet upgraded Montage Resources from a “d+” rating to a “c-” rating in a report on Friday, November 8th. Finally, ValuEngine downgraded Montage Resources from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.81.

MR stock opened at $5.80 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 0.49. The business has a 50-day moving average price of $4.07 and a 200 day moving average price of $5.01. Montage Resources has a 1-year low of $2.59 and a 1-year high of $20.40.

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in Montage Resources in the second quarter worth about $26,000. Aperio Group LLC purchased a new stake in shares of Montage Resources during the second quarter worth about $31,000. Marshall Wace North America L.P. purchased a new stake in shares of Montage Resources during the first quarter worth about $31,000. Point72 Hong Kong Ltd grew its stake in shares of Montage Resources by 322.9% during the second quarter. Point72 Hong Kong Ltd now owns 5,003 shares of the medical instruments supplier’s stock worth $31,000 after acquiring an additional 3,820 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Montage Resources by 126.8% during the third quarter. Tower Research Capital LLC TRC now owns 9,619 shares of the medical instruments supplier’s stock worth $37,000 after acquiring an additional 5,377 shares during the last quarter. Institutional investors and hedge funds own 76.78% 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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Earnings History and Estimates for Montage Resources (NYSE:MR)

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