NYSE:MRMontage Resources Stock Price, Forecast & News

Montage Resources' stock was trading at $2.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MR shares have increased by 55.9% and is now trading at $3.68. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Montage Resources.

Montage Resources is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Montage Resources.

Montage Resources Corp (NYSE:MR) released its quarterly earnings results on Thursday, May, 7th. The medical instruments supplier reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.13. The medical instruments supplier had revenue of $133.43 million for the quarter, compared to analysts' expectations of $137.11 million. Montage Resources had a net margin of 7.77% and a return on equity of 6.39%. View Montage Resources' earnings history.

8 brokers have issued 1 year price objectives for Montage Resources' shares. Their forecasts range from $2.40 to $10.00. On average, they anticipate Montage Resources' stock price to reach $7.49 in the next year. This suggests a possible upside of 103.5% from the stock's current price. View analysts' price targets for Montage Resources.

Media coverage about MR stock has trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Montage Resources earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned news articles about the medical instruments supplier a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news about Montage Resources.

Montage Resources saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,890,000 shares, a decrease of 10.8% from the June 15th total of 2,120,000 shares. Based on an average daily volume of 776,700 shares, the days-to-cover ratio is presently 2.4 days. Currently, 9.1% of the shares of the company are sold short. View Montage Resources' Current Options Chain.

Some companies that are related to Montage Resources include Talos Energy (TALO), Enerplus (ERF), Kimbell Royalty Partners (KRP), GENEL ENERGY PL/ADR (GEGYY), Callon Petroleum (CPE), Dorchester Minerals (DMLP), SM Energy (SM), Berry Petroleum (BRY), QEP Resources (QEP), Bonanza Creek Energy (BCEI), W&T Offshore (WTI), Hess Midstream Partners (HESM), Falcon Minerals (FLMN), Tellurian (TELL) and DELEK GRP LTD/ADR (DGRLY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Montage Resources investors own include Rex Energy (REXX), Gulfport Energy (GPOR), Pegasystems (PEGA), Curis (CRIS), Ford Motor (F), Bank of America (BAC), Chesapeake Energy (CHK), Enterprise Products Partners (EPD), Exxon Mobil (XOM) and Antero Resources (AR).

Montage Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "MR."

Montage Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sanders Morris Harris LLC (0.14%). Company insiders that own Montage Resources stock include John K Reinhart, Michael L Hodges, Oleg E Tolmachev and Richard D Paterson. View institutional ownership trends for Montage Resources.

MR stock was sold by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC. View insider buying and selling activity for Montage Resources.

Shares of MR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MR stock can currently be purchased for approximately $3.68.

Montage Resources has a market capitalization of $131.80 million and generates $634.44 million in revenue each year. The medical instruments supplier earns $31.76 million in net income (profit) each year or $2.29 on an earnings per share basis. Montage Resources employs 159 workers across the globe.

The official website for Montage Resources is www.montageresources.com.

Montage Resources' mailing address is 122 WEST JOHN CARPENTER FREEWAY SUITE 300, IRVING TX, 75039. The medical instruments supplier can be reached via phone at 469-444-1647.