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 stock has increased by 158.5% and is now trading at $6.10. 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 quarterly earnings data on Thursday, May, 7th. The medical instruments supplier reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.13. The medical instruments supplier earned $133.43 million during the quarter, compared to analysts' expectations 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 brokerages have issued twelve-month price objectives for Montage Resources' shares. Their forecasts range from $2.40 to $10.00. On average, they expect Montage Resources' stock price to reach $6.99 in the next year. This suggests a possible upside of 14.5% from the stock's current price. View analysts' price targets for Montage Resources.

News headlines about MR stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Montage Resources earned a daily sentiment score of 0.6 on InfoTrie's scale. They also assigned media headlines 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 effect on the company's share price in the near future. View the latest news aboutMontage Resources.

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

Some companies that are related to Montage Resources include Antero Resources (AR), Talos Energy (TALO), Crescent Point Energy (CPG), Kosmos Energy (KOS), Brigham Minerals (MNRL), Enerplus (ERF), GeoPark (GPRK), SM Energy (SM), Kimbell Royalty Partners (KRP), W&T Offshore (WTI), Dorchester Minerals (DMLP), Bonanza Creek Energy (BCEI), Berry Petroleum (BRY), Hess Midstream Partners (HESM) 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 number 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 $6.10.

Montage Resources has a market capitalization of $218.44 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.