Montage Resources Corporation (NYSE:MR) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.55 per share.
Looking ahead, the full year loss are expected at $ 1.19 per share on the revenues of $ 471.39 million.
Previous Quarter Performance
Montage Resources Corporation unwinded loss for the second quarter of $ 0.57 per share, from the revenue of $ 90.68 million. The consensus estimates are loss of $ 0.78 per share from $ 101.56 million in revenue. The bottom line results beat street analysts by $ 0.21 or 26.92 percent, at the same time, top line results fell short of analysts by $ 10.88 million or 10.71 percent.
Stock Performance
Shares of Montage Resources Corporation traded low $ -0.12 or -2.45 percent on Wednesday, reaching $ 4.78 with volume of 262.50 thousand shares. Montage Resources Corporation has traded high as $ 4.90 and has cracked $ 4.71 on the downward trend
The closing price of $ 4.78, representing a 146.23 % increase from the 52 week low of $ 1.99 and a 40.96 % decrease over the 52 week high of $ 8.30.
The company has a market capital of $ 172.19 million and is part of the Energy sector and Oil & Gas E&P industry.
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. The company was formerly known as Eclipse Resources Corporation and changed its name to Montage Resources Corporation in February 2019.
