NYSE:MRMontage Resources Stock Price, Forecast & News

Montage Resources' stock was trading at $2.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MR shares have increased by 144.5% and is now trading at $5.77. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 1 hold rating 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) announced its earnings results on Thursday, May, 7th. The medical instruments supplier reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.13. The medical instruments supplier earned $133.43 million during the quarter, compared to the consensus estimate of $137.11 million. Montage Resources had a return on equity of 6.39% and a net margin of 7.77%. View Montage Resources' earnings history.

7 Wall Street analysts have issued 1-year price targets for Montage Resources' stock. Their forecasts range from $2.40 to $10.00. On average, they anticipate Montage Resources' share price to reach $6.99 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price. View analysts' price targets for Montage Resources.

News stories about MR stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Montage Resources earned a news sentiment score of 1.4 on InfoTrie's scale. They also assigned news coverage about the medical instruments supplier a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMontage Resources.

Montage Resources saw a decrease in short interest in April. As of April 30th, there was short interest totaling 3,140,000 shares, a decrease of 10.0% from the April 15th total of 3,490,000 shares. Based on an average daily volume of 773,400 shares, the days-to-cover ratio is currently 4.1 days. Currently, 17.4% of the company's shares are short sold. View Montage Resources' Current Options Chain.

Some companies that are related to Montage Resources include Talos Energy (TALO), Vermilion Energy (VET), Kosmos Energy (KOS), Crescent Point Energy (CPG), Brigham Minerals (MNRL), Enerplus (ERF), GeoPark (GPRK), SM Energy (SM), Kimbell Royalty Partners (KRP), Dorchester Minerals (DMLP), W&T Offshore (WTI), Hess Midstream Partners (HESM), DELEK GRP LTD/ADR (DGRLY), Berry Petroleum (BRY) and Bonanza Creek Energy (BCEI). 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 Silver Point Capital L.P. (6.37%), BlackRock Inc. (4.28%), State Street Corp (1.06%), Wells Fargo & Company MN (1.02%), Geode Capital Management LLC (0.85%) and Russell Investments Group Ltd. (0.68%). 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 Russell Investments Group Ltd., Geode Capital Management LLC, WINTON GROUP Ltd, Silver Point Capital L.P., UBS Group AG, Systematic Financial Management LP, and Wells Fargo & Company MN. View insider buying and selling activity for Montage Resources.

MR stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Invesco Ltd., Mesirow Financial Investment Management Inc., Napier Park Global Capital US LP, Nuveen Asset Management LLC, State Street Corp, Prime Capital Investment Advisors LLC, and Martingale Asset Management L P. Company insiders that have bought Montage Resources stock in the last two years include John K Reinhart, Michael L Hodges, and Oleg E Tolmachev. 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 $5.77.

Montage Resources has a market capitalization of $206.65 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.