Zacks: Montage Resources Corp (MR) Receives Average Rating of “Hold” from Analysts
Montage Resources Corp (NYSE:MR) has been given a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, two have given a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 12-month consensus price objective of $26.17 for the company and are predicting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Montage Resources an industry rank of 90 out of 255 based on the ratings given to related companies.
MR has been the topic of several analyst reports. Zacks Investment Research upgraded Montage Resources from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday. ValuEngine downgraded Montage Resources from a “hold” rating to a “sell” rating in a report on Monday, April 1st.
Shares of MR opened at $13.28 on Tuesday. The company has a market cap of $479.64 million, a P/E ratio of -22.13 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.64 and a current ratio of 0.64. Montage Resources has a twelve month low of $11.10 and a twelve month high of $29.40.
About Montage Resources
Montage Resources Corporation operates as an oil and natural gas exploration and production company. As of December 31, 2018, it had an acreage position comprising approximately 241,000 net acres in Ohio and Pennsylvania; and had estimated proved reserves of 1,864.7 billion cubic feet of natural gas equivalent.
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