NYSE:MR - Montage Resources Stock Price, Forecast & News

Montage Resources' stock was trading at $2.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MR stock has decreased by 7.2% and is now trading at $2.19. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 1 hold rating and 5 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, May 5th 2020. View our earnings forecast for Montage Resources.

Montage Resources Corp (NYSE:MR) posted its quarterly earnings results on Thursday, March, 5th. The medical instruments supplier reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.57. The medical instruments supplier earned $174.11 million during the quarter, compared to analyst estimates of $171.99 million. Montage Resources had a return on equity of 8.28% and a net margin of 5.01%. View Montage Resources' earnings history.

6 analysts have issued 1 year price objectives for Montage Resources' shares. Their forecasts range from $2.60 to $17.00. On average, they expect Montage Resources' stock price to reach $8.68 in the next twelve months. This suggests a possible upside of 296.5% from the stock's current price. View analysts' price targets for Montage Resources.

Media coverage about MR stock has trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Montage Resources earned a news impact score of -3.3 on InfoTrie's scale. They also assigned media coverage about the medical instruments supplier a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutMontage Resources.

Montage Resources saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 3,780,000 shares, an increase of 16.7% from the February 13th total of 3,240,000 shares. Based on an average daily volume of 573,200 shares, the days-to-cover ratio is currently 6.6 days. Approximately 21.0% of the company's shares are short sold. View Montage Resources' Current Options Chain.

Some companies that are related to Montage Resources include DELEK GRP LTD/ADR (DGRLY), Dorchester Minerals (DMLP), Kimbell Royalty Partners (KRP), Enerplus (ERF), Talos Energy (TALO), Matador Resources (MTDR), Bonanza Creek Energy (BCEI), W&T Offshore (WTI), Tellurian (TELL), Antero Resources (AR), Callon Petroleum (CPE), Advantage Oil & Gas (AAVVF), Berry Petroleum (BRY), Falcon Minerals (FLMN) and Primeenergy Resources (PNRG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Montage Resources investors own include Rex Energy (REXX), Pegasystems (PEGA), Curis (CRIS), Gulfport Energy (GPOR), Chesapeake Energy (CHK), Ford Motor (F), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Heat Biologics (HTBX) and Uniti Group (UNIT).

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

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 $2.19.

Montage Resources has a market capitalization of $78.46 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. View additional information about Montage Resources.

The official website for Montage Resources is http://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.