Montage Resources (NYSE:MR) Issues Earnings Results

Montage Resources (NYSE:MR) released its earnings results on Tuesday. The medical instruments supplier reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.44, Bloomberg Earnings reports. Montage Resources had a net margin of 9.01% and a return on equity of 10.17%. The company had revenue of $155.54 million for the quarter, compared to the consensus estimate of $145.23 million.

Shares of NYSE:MR traded down $0.12 during mid-day trading on Friday, reaching $3.22. The stock had a trading volume of 6,273 shares, compared to its average volume of 504,547. The company has a market cap of $95.46 million, a price-to-earnings ratio of 2.98 and a beta of 1.69. The stock has a 50 day moving average of $4.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. Montage Resources has a twelve month low of $2.61 and a twelve month high of $26.25.

MR has been the topic of a number of analyst reports. Imperial Capital cut their price target on shares of Montage Resources from $9.00 to $6.00 and set an “inline” rating on the stock in a research report on Wednesday, July 10th. Zacks Investment Research downgraded shares of Montage Resources from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine downgraded shares of Montage Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. Finally, Capital One Financial upgraded shares of Montage Resources from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th.

In other Montage Resources news, COO Oleg E. Tolmachev bought 2,400 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $10.45 per share, with a total value of $25,080.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John K. Reinhart bought 5,050 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were acquired 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 purchased a total of 8,450 shares of company stock worth $85,035 over the last quarter. 1.01% of the stock is currently owned by corporate 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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Earnings History for Montage Resources (NYSE:MR)

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