Montage Resources (NYSE:MR) was upgraded by analysts at Capital One Financial from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, May 8th, MarketBeat reports.
MR has been the subject of several other research reports. Zacks Investment Research cut shares of Montage Resources from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. ValuEngine cut shares of Montage Resources from a “hold” rating to a “sell” rating in a research note on Monday, April 1st.
Shares of NYSE:MR opened at $7.81 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $278.17 million, a price-to-earnings ratio of 9.59 and a beta of 1.88. Montage Resources has a 52 week low of $7.63 and a 52 week high of $29.40.
In other Montage Resources news, CEO John K. Reinhart bought 5,050 shares of the company’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $9.90 per share, for a total transaction of $49,995.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, COO Oleg E. Tolmachev bought 2,400 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $10.45 per share, with a total value of $25,080.00. The disclosure for this purchase can be found here. Insiders purchased 8,450 shares of company stock valued at $85,035 in the last quarter. Company insiders own 1.01% of the company’s stock.
Large investors have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in shares of Montage Resources during the first quarter worth about $27,000. Marshall Wace North America L.P. acquired a new stake in shares of Montage Resources in the first quarter worth approximately $31,000. American International Group Inc. acquired a new stake in shares of Montage Resources in the first quarter worth approximately $56,000. Signaturefd LLC acquired a new stake in shares of Montage Resources in the first quarter worth approximately $100,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Montage Resources in the first quarter worth approximately $135,000. Hedge funds and other institutional investors own 75.09% of the company’s stock.
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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