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 increased by 1.3% and is now trading at $2.39. 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 2 hold ratings and 4 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 earnings results on Thursday, March, 5th. The medical instruments supplier reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.57. The medical instruments supplier had revenue of $174.11 million for the quarter, compared to analysts' expectations of $171.99 million. Montage Resources had a net margin of 5.01% and a return on equity of 8.28%. View Montage Resources' earnings history.

6 equities research analysts have issued 1-year target prices for Montage Resources' stock. Their forecasts range from $2.60 to $17.00. On average, they anticipate Montage Resources' share price to reach $9.12 in the next twelve months. This suggests a possible upside of 281.6% from the stock's current price. View analysts' price targets for Montage Resources.

News articles about MR stock have been trending very positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Montage Resources earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave press coverage about the medical instruments supplier a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect 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 trading volume, of 573,200 shares, the short-interest 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), Enerplus (ERF), Matador Resources (MTDR), W&T Offshore (WTI), Antero Resources (AR), Callon Petroleum (CPE), Tellurian (TELL), Bonanza Creek Energy (BCEI), Advantage Oil & Gas (AAVVF), Berry Petroleum (BRY), Falcon Minerals (FLMN), SUNDANCE ENERGY/S (SNDE), Primeenergy Resources (PNRG), SM Energy (SM) and Earthstone Energy (ESTE).

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 $2.39.

Montage Resources has a market capitalization of $85.63 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.