Shares of Montage Resources Corp (NYSE:MR) fell 11.8% during mid-day trading on Monday . The stock traded as low as $5.15 and last traded at $5.23, 1,107,600 shares changed hands during mid-day trading. An increase of 189% from the average session volume of 383,421 shares. The stock had previously closed at $5.93.
Several research firms have recently issued reports on MR. Imperial Capital raised Montage Resources from an “in-line” rating to an “outperform” rating and upped their target price for the company from $5.00 to $7.00 in a report on Monday, November 11th. Zacks Investment Research raised Montage Resources from a “strong sell” rating to a “hold” rating in a report on Friday. Royal Bank of Canada set a $17.00 target price on Montage Resources and gave the company a “buy” rating in a report on Friday, August 9th. TheStreet raised Montage Resources from a “d+” rating to a “c-” rating in a report on Friday, November 8th. Finally, ValuEngine lowered Montage Resources from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.81.
The firm has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $4.90. The firm has a market capitalization of $201.97 million, a P/E ratio of 6.29 and a beta of 1.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.49 and a quick ratio of 0.49.
About Montage Resources (NYSE:MR)
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.
Featured Article: Growth Stocks
Receive News & Ratings for Montage Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montage Resources and related companies with MarketBeat.com's FREE daily email newsletter.