Montage Resources Corporation (NYSE:MR) could be one of the worst stocks that investors may not want to consider for their portfolio today as the company shares are trading 6.31% or 0.43 points down from last closing price of $6.81, reaching $6.38 at last check. Any clue why there is so much of action in the MR stock? The share price has dropped in 3 of the last 5 days and is down -59.05% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -58,642 shares, and in total 242058 shares valued at $1.544 million were seen changing hands compared with 300700 shares valued at $2.048 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the MR stock is near its bottom.
Montage Resources Corporation (MR) shares have notched a 3-month decline of about -59.05%, but has still tumbled -56.76% year to date. By comparison, the stock sank -73.76% over the past 12 months, while it slipped -34.77% over the 1 month. The company’s market cap is around $255.1M, with its short interest ratio standing at 3%.
In the current trading session for MR, the stock witnessed two major price actions, it rose to a high of $6.86 and was down as much as $6.3 at one point. The high recorded is very low when compared to their 52-week high which is $6.42. The 52-week high is now at -78.3 distance from current price. Their recent low of $29.4 represents a -0.62% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for MR is $24.79, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Montage Resources Corporation earned $0.49 per share in the trailing 12 months and has a P/E ratio of 13.02. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 4.06 and higher compared to the sector’s average of 10.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MR also has P/S multiple of 0.44. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 91.52x.
The company recorded an interesting insider purchase transaction by the CEO on May 17, 2019. A Securities and Exchanges Commission filings show that John K Reinhart bought a total of 5,050 MR shares that day for a sum of around $49,995. Montage Resources Corporation (MR) insiders have acquired 347,266 shares in the stock within the past three months. In total, individual insiders traded 450,967 shares in the business, which makes up 89.406% of 504,405 shares that were traded over a year. In the past 12 months, insiders have purchased 400,704 shares while the seller parted with 103,701 shares.
MR‘s last price was down -58.53% as compared to the average trading price of 50 days recorded at $15.38 while enlarging the period to 200 trading days, the average closing price was $10.56. At present, there are 37.46 million in the total number of common shares owned by the public and among those 17.72 million shares have been available to trade. The percentage of shares being held by the company management was 8.1% while institutions stake was 74.8%. The company has generated positive returns on equity over the last 12 months (1%). It managed to keep its gross profit margin at 88.4% over the past 12 months.
When assessing the full upside of the MR stock, there is another set of technicals that should be looked into and considered. Its -22.69% decline from moving average of $8.25 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.97 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 17.4%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 25.9%. The revenue of the company has risen at an average annualized rate of about 108.9 over the last five years. The company recently recorded an increase of 28.4%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards MR stock. Marshall Wace North America L.P. added position in the company after it grew 50% or 1,385 shares of its common stock. The hedge fund now owns 2,077 shares worth $13,251, SEC documents show. Marshall Wace LLP shored up assets in the stock as 7844 shares have been purchased, increasing its stake by 50% to 11,766 shares which are currently valued at $75,067. In addition, Mak Capital One LLC recently reported that it now owns 419,706 shares making a total of $2,677,724 based on the recent price. This refelects a change of 50% in their ownership.