Prime Capital Investment Advisors LLC purchased a new stake in Montage Resources Corp (NYSE:MR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,650 shares of the medical instruments supplier’s stock, valued at approximately $160,000.
Shares of NYSE:MR opened at $13.63 on Wednesday. Montage Resources Corp has a twelve month low of $11.10 and a twelve month 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. The company has a market cap of $479.64 million, a PE ratio of -22.72 and a beta of 2.03.
A number of equities analysts have recently weighed in on MR shares. Zacks Investment Research raised Montage Resources from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday. ValuEngine lowered Montage Resources from a “hold” rating to a “sell” rating in a research report on Monday, April 1st.
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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