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

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

Montage Resources Corp (NYSE:MR) issued its quarterly earnings data on Thursday, November, 7th. The medical instruments supplier reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.35. The medical instruments supplier earned $163.30 million during the quarter, compared to analysts' expectations of $159.90 million. Montage Resources had a net margin of 8.58% and a return on equity of 9.65%. View Montage Resources' Earnings History.

Montage Resources is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Montage Resources.

4 analysts have issued 12 month target prices for Montage Resources' shares. Their forecasts range from $7.00 to $17.00. On average, they expect Montage Resources' share price to reach $10.50 in the next year. This suggests a possible upside of 97.4% from the stock's current price. View Analyst Price Targets for Montage Resources.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Montage Resources.

News coverage about MR stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Montage Resources earned a news impact score of 2.0 on InfoTrie's scale. They also assigned 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 near term. View News Stories for Montage Resources.

Montage Resources saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,910,000 shares, a drop of 9.9% from the December 15th total of 2,120,000 shares. Based on an average daily trading volume, of 583,200 shares, the short-interest ratio is presently 3.3 days. Currently, 10.6% of the shares of the company are sold short. View Montage Resources' Current Options Chain.

Some companies that are related to Montage Resources include Carrizo Oil & Gas (CRZO), Dorchester Minerals (DMLP), Berry Petroleum (BRY), Denbury Resources (DNR), GENEL ENERGY PL/ADR (GEGYY), Laredo Petroleum (LPI), Falcon Minerals (FLMN), Whiting Petroleum (WLL), California Resources (CRC), Penn Virginia (PVAC), Bonanza Creek Energy (BCEI), Kimbell Royalty Partners (KRP), Gulfport Energy (GPOR), Earthstone Energy (ESTE) and Advantage Oil & Gas (AAVVF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Montage Resources investors own include Rex Energy (REXX), Pegasystems (PEGA), Curis (CRIS), Ford Motor (F), Chesapeake Energy (CHK), Gulfport Energy (GPOR), Uniti Group (UNIT), Bank of America (BAC), Heat Biologics (HTBX) and XPO Logistics (XPO).

Montage Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Sanders Morris Harris LLC (1.05%). Company insiders that own Montage Resources stock include Encap Energy Capital Fund Viii, John K Reinhart, Michael L Hodges, Oleg E Tolmachev and Richard D Paterson. View Institutional Ownership Trends for Montage Resources.

MR stock was bought by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC. Company insiders that have bought Montage Resources stock in the last two years include Encap Energy Capital Fund Viii, John K Reinhart, Michael L Hodges and Oleg E Tolmachev. View Insider Buying and Selling 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 $5.32.

Montage Resources has a market capitalization of $190.51 million and generates $515.15 million in revenue each year. 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.