NYSE:MRMontage Resources Stock Price, Forecast & News

Montage Resources' stock was trading at $2.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MR shares have increased by 116.9% and is now trading at $5.12.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Montage Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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Montage Resources Corp (NYSE:MR) issued its earnings results on Thursday, May, 7th. The medical instruments supplier reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.
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8 Wall Street analysts have issued twelve-month price objectives for Montage Resources' shares. Their forecasts range from $2.40 to $10.00. On average, they anticipate Montage Resources' stock price to reach $7.49 in the next year. This suggests a possible upside of 46.2% from the stock's current price.
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Media stories about MR stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing 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 -2.0 on InfoTrie's scale. They also gave headlines about the medical instruments supplier a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
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Montage Resources saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,890,000 shares, a decline of 10.8% from the June 15th total of 2,120,000 shares. Based on an average daily trading volume, of 776,700 shares, the days-to-cover ratio is presently 2.4 days. Currently, 9.1% of the company's shares are short sold.
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Some companies that are related to Montage Resources include Vermilion Energy (VET), Brigham Minerals (MNRL), Enerplus (ERF), Kosmos Energy (KOS), GeoPark (GPRK), GENEL ENERGY PL/ADR (GEGYY), Kimbell Royalty Partners (KRP), Callon Petroleum (CPE), Talos Energy (TALO), Berry Petroleum (BRY), Dorchester Minerals (DMLP), Bonanza Creek Energy (BCEI), W&T Offshore (WTI), QEP Resources (QEP) and Hess Midstream Partners (HESM).
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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), (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 Viking Fund Management LLC (0.56%), WINTON GROUP Ltd (0.40%), Sanders Morris Harris LLC (0.14%), Prime Capital Investment Advisors LLC (0.06%), Strs Ohio (0.06%) and Chicago Partners Investment Group LLC (0.06%). Company insiders that own Montage Resources stock include John K Reinhart, Michael L Hodges, Oleg E Tolmachev and Richard D Paterson.
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MR stock was sold by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, UBS Group AG, and Prime Capital Investment Advisors LLC.
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MR stock was bought by a variety of institutional investors in the last quarter, including Viking Fund Management LLC, Strs Ohio, WINTON GROUP Ltd, and Chicago Partners Investment Group LLC. Company insiders that have bought Montage Resources stock in the last two years include John K Reinhart, Michael L Hodges, and Oleg E Tolmachev.
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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 $5.12.

Montage Resources has a market capitalization of $183.35 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.