Montage Resources (MR) Downgraded by ValuEngine to Sell

Montage Resources (NYSE:MR) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, April 1st, ValuEngine reports.

MR stock traded down $0.67 during trading on Monday, hitting $12.31. The company had a trading volume of 113,900 shares, compared to its average volume of 97,805. Montage Resources has a one year low of $11.10 and a one year high of $29.40. The stock has a market capitalization of $467.36 million, a PE ratio of -20.50 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.64.

A hedge fund recently bought a new stake in Montage Resources stock. Prime Capital Investment Advisors LLC purchased a new position in shares of Montage Resources Corp (NYSE:MR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,650 shares of the medical instruments supplier’s stock, valued at approximately $160,000.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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