Zacks Investment Research lowered shares of Montage Resources (NYSE:MR) from a buy rating to a hold rating in a report issued on Friday morning, Zacks.com reports.

According to Zacks, “Montage Resources Corporation is an exploration and production company. It is principally focused on the Utica and Marcellus Shales of southeast Ohio, West Virginia and North Central Pennsylvania. Montage Resources Corporation, formerly known as Eclipse Resources Corp, is based in IRVING, Texas. “

Separately, ValuEngine downgraded Montage Resources from a hold rating to a sell rating in a research note on Monday, April 1st.

MR stock opened at $13.28 on Friday. The firm has a market capitalization of $467.36 million, a PE ratio of -22.13 and a beta of 2.03. Montage Resources has a 1 year low of $11.10 and a 1 year high of $29.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.77.

A hedge fund recently bought a new stake in Montage Resources stock. Prime Capital Investment Advisors LLC bought a new stake in shares of Montage Resources Corp (NYSE:MR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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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