Montage Resources Corp (NYSE:MR) – Equities researchers at Imperial Capital increased their Q1 2020 EPS estimates for Montage Resources in a report issued on Tuesday, July 9th. Imperial Capital analyst I. Haas now expects that the medical instruments supplier will post earnings of $0.91 per share for the quarter, up from their prior estimate of $0.81. Imperial Capital currently has a “Inline” rating and a $6.00 price objective on the stock. Imperial Capital also issued estimates for Montage Resources’ Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.54 EPS and Q4 2020 earnings at $0.92 EPS.
Montage Resources (NYSE:MR) last released its quarterly earnings results on Tuesday, May 7th. The medical instruments supplier reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. The firm had revenue of $141.50 million during the quarter, compared to analyst estimates of $125.10 million. Montage Resources had a net margin of 1.35% and a return on equity of 8.73%.
MR opened at $5.09 on Thursday. The firm’s fifty day moving average price is $6.67. The stock has a market cap of $193.40 million, a price-to-earnings ratio of 6.04 and a beta of 1.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. Montage Resources has a one year low of $5.01 and a one year high of $27.15.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Axar Capital Management L.P. bought a new stake in Montage Resources in the first quarter worth $18,755,000. Kayne Anderson Capital Advisors LP bought a new stake in Montage Resources in the first quarter worth $6,670,000. Mak Capital One LLC bought a new stake in Montage Resources in the first quarter worth $6,312,000. Sanders Morris Harris LLC bought a new stake in Montage Resources in the first quarter worth $5,641,000. Finally, Boston Partners bought a new stake in Montage Resources in the first quarter worth $1,679,000. 75.09% of the stock is owned by institutional investors.
In related news, COO Oleg E. Tolmachev acquired 2,400 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $10.45 per share, with a total value of $25,080.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John K. Reinhart acquired 5,050 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $9.90 per share, with a total value of $49,995.00. The disclosure for this purchase can be found here. Insiders have bought a total of 8,450 shares of company stock valued at $85,035 over the last ninety days. 1.01% of the stock is currently owned by insiders.
Montage Resources Company Profile
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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