Montage Resources (NYSE:MR) had its target price reduced by Imperial Capital from $9.00 to $6.00 in a report released on Wednesday, Briefing.com Automated Import reports. Imperial Capital currently has an inline rating on the medical instruments supplier’s stock. Imperial Capital also issued estimates for Montage Resources’ Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.10) EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $0.98 EPS, Q1 2020 earnings at $0.91 EPS, Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.54 EPS, Q4 2020 earnings at $0.92 EPS and FY2020 earnings at $2.92 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a hold rating to a sell rating in a research report on Thursday, July 4th. Capital One Financial upgraded Realty Income from an underweight rating to an equal weight rating in a research report on Wednesday, May 8th. Finally, ValuEngine downgraded Ultrapar Participacoes from a sell rating to a strong sell rating in a research report on Thursday, April 25th.

NYSE:MR opened at $5.09 on Wednesday. Montage Resources has a 52 week low of $5.01 and a 52 week high of $27.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $181.29 million, a P/E ratio of 5.66 and a beta of 1.75. The company has a fifty day simple moving average of $6.67.

Montage Resources (NYSE:MR) last posted its earnings results on Tuesday, May 7th. The medical instruments supplier reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.91. Montage Resources had a return on equity of 8.73% and a net margin of 1.35%. The company had revenue of $141.50 million for the quarter, compared to the consensus estimate of $125.10 million. Equities analysts expect that Montage Resources will post 0.98 EPS for the current year.

In other news, CEO John K. Reinhart acquired 5,050 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of $9.90 per share, for a total transaction of $49,995.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Oleg E. Tolmachev acquired 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $10.45 per share, for a total transaction of $25,080.00. The disclosure for this purchase can be found here. Insiders acquired 8,450 shares of company stock worth $85,035 in the last 90 days. Company insiders own 1.01% of the company’s stock.

Several hedge funds have recently bought and sold shares of MR. Quantamental Technologies LLC purchased a new stake in shares of Montage Resources in the 1st quarter valued at $27,000. Marshall Wace North America L.P. purchased a new stake in shares of Montage Resources in the 1st quarter valued at $31,000. WINTON GROUP Ltd acquired a new position in Montage Resources during the 2nd quarter worth $73,000. Signaturefd LLC acquired a new position in Montage Resources during the 1st quarter worth $100,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in Montage Resources during the 1st quarter worth $160,000. 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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