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Initiation
Montage Resources initiated with an Equal Weight at Wells Fargo » 06:31
06/25/20
06/25
06:31
06/25/20
06:31
MR

Montage Resources

$3.92 /

-0.34 (-7.98%)

Wells Fargo analyst Nitin…

Wells Fargo analyst Nitin Kumar initiated coverage of Montage Resources with an Equal Weight rating and $10 price target. The analyst sees several issues that move him to the sidelines for now, including that given its scale, Montage does not generate enough absolute free cash by July 2023 to cover ~$500M of maturities coming due despite lowering capex spending to ~70%-80% of CFO. Additionally, Kumar says the company has a higher base decline rate than peers and that with management focused on balance sheet repair, there is limited opportunity for differentiated return of capital to shareholders unless gas prices are significantly above his mid-cycle $2.75/mcf outlook.

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MR Montage Resources
$3.92 /

-0.34 (-7.98%)

MR Montage Resources
$3.92 /

-0.34 (-7.98%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
MR Montage Resources
$3.92 /

-0.34 (-7.98%)

MR Montage Resources
$3.92 /

-0.34 (-7.98%)

Over a month ago
Hot Stocks
Montage Resources sees Q2 production 535-555 MMcfe per day » 16:04
06/02/20
06/02
16:04
06/02/20
16:04
MR

Montage Resources

$5.92 /

-0.08 (-1.33%)

Due to continued…

Due to continued operational outperformance and the return of its previously curtailed production to sales sooner than anticipated, the company is also increasing its FY20 production guidance to 565 - 585 MMcfe per day, an increase of approximately 2% over the midpoint of its previous guidance of 555 - 575 MMcfe per day. The company states: "In connection with improving crude oil and NGL commodity prices, the company began increasing its previously curtailed production during the month of May. As of June 1, 2020, the company has returned substantially all its previously curtailed production to sales due to the significant improvement in cash margins."

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MR Montage Resources
$5.92 /

-0.08 (-1.33%)

MR Montage Resources
$5.92 /

-0.08 (-1.33%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
MR Montage Resources
$5.92 /

-0.08 (-1.33%)

MR Montage Resources
$5.92 /

-0.08 (-1.33%)

Conference/Events
Montage Resources participates in a conference call with JPMorgan » 10:18
05/27/20
05/27
10:18
05/27/20
10:18
MR

Montage Resources

$5.83 /

-0.13 (-2.18%)

Large Cap Oil & Gas…

Large Cap Oil & Gas Exploration & Production Analyst Jayaram holds a conference call with CEO Reinhart on May 27 at 11 am hosted by JPMorgan.

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MR Montage Resources
$5.83 /

-0.13 (-2.18%)

MR Montage Resources
$5.83 /

-0.13 (-2.18%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
MR Montage Resources
$5.83 /

-0.13 (-2.18%)

MR Montage Resources
$5.83 /

-0.13 (-2.18%)

Hot Stocks
Montage Resources falls -10.0% » 12:00
05/08/20
05/08
12:00
05/08/20
12:00
MR

Montage Resources

$5.51 /

-0.56 (-9.23%)

Montage Resources is down…

Montage Resources is down -10.0%, or -61c to $5.51.

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MR Montage Resources
$5.51 /

-0.56 (-9.23%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
Earnings
Montage Resources reports Q1 EPS 8c, consensus (1c) » 16:40
05/07/20
05/07
16:40
05/07/20
16:40
MR

Montage Resources

$6.07 /

-0.03 (-0.49%)

Reports Q1 average net…

Reports Q1 average net daily production was 610.7 MMcfe per day, 3% above the midpoint of the company's previously issued guidance range and above analyst consensus expectations The company has lowered its full year 2020 capital spending guidance to $130 - $150 million, a reduction of approximately 10% reflecting the further optimization of its development activity and additional savings primarily due to service cost reductions, as well as operational efficiencies that have continued to reduce cycle times.

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MR Montage Resources
$6.07 /

-0.03 (-0.49%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
Hot Stocks
Montage Resources rises 25.5% » 12:00
04/20/20
04/20
12:00
04/20/20
12:00
MR

Montage Resources

$4.78 /

+0.975 (+25.62%)

Montage Resources is up…

Montage Resources is up 25.5%, or 97c to $4.77.

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MR Montage Resources
$4.78 /

+0.975 (+25.62%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
Hot Stocks
Montage Resources rises 11.8% » 10:00
04/20/20
04/20
10:00
04/20/20
10:00
MR

Montage Resources

$4.27 /

+0.465 (+12.22%)

Montage Resources is up…

Montage Resources is up 11.8%, or 45c to $4.25.

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MR Montage Resources
$4.27 /

+0.465 (+12.22%)

04/20/20 JPMorgan
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative'
04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
Upgrade
JPMorgan upgrades Montage on 'emerging bullish natural gas narrative' » 08:43
04/20/20
04/20
08:43
04/20/20
08:43
MR

Montage Resources

$3.81 /

+0.065 (+1.74%)

JPMorgan analyst Arun…

JPMorgan analyst Arun Jayaram upgraded Montage Resources to Overweight from Neutral with an $8 price target. The analyst expects the market to largely look through negative estimate revision risk to 2020 forecasts to the "emerging bullish natural gas narrative" in 2021. Assuming $2.75 per Mcf gas, Montage's enterprise value to EBITDA multiple drops to 3.2 times in 2021, which represents a 35% discount to the peer group, Jayaram tells investors in a research note.

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MR Montage Resources
$3.81 /

+0.065 (+1.74%)

04/20/20 JPMorgan
Montage Resources upgraded to Overweight from Neutral at JPMorgan
04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
Fly Intel: Top five analyst initiations
Upgrade
Montage Resources upgraded to Overweight from Neutral at JPMorgan » 05:45
04/20/20
04/20
05:45
04/20/20
05:45
MR

Montage Resources

$3.81 /

+0.065 (+1.74%)

JPMorgan analyst Arun…

JPMorgan analyst Arun Jayaram upgraded Montage Resources to Overweight from Neutral with an $8 price target.

ShowHide Related Items >><<
MR Montage Resources
$3.81 /

+0.065 (+1.74%)

04/01/20 Roth Capital
Montage Resources upgraded to Buy from Neutral at Roth Capital
03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
Fly Intel: Top five analyst initiations
03/03/20 Roth Capital
Montage Resources initiated with a Buy at Roth Capital
Over a quarter ago
Upgrade
Montage Resources upgraded to Buy from Neutral at Roth Capital » 07:57
04/01/20
04/01
07:57
04/01/20
07:57
MR

Montage Resources

$2.28 /

+0.08 (+3.64%)

Roth Capital analyst John…

Roth Capital analyst John White upgraded Montage Resources to Buy from Neutral with a $6.50 price target. Assuming OPEC+ continues to add incremental crude oil supply, White thinks gas weighted names have a positive outlook compared to oil weighted names, noting that Montage is 81% gas. He also sees the company having strong free cash flow and thinks Montage's bank borrowing base is "in good shape," White said.

ShowHide Related Items >><<
MR Montage Resources
$2.28 /

+0.08 (+3.64%)

03/13/20 Roth Capital
Montage Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
Fly Intel: Top five analyst initiations
03/03/20 Roth Capital
Montage Resources initiated with a Buy at Roth Capital
02/04/20 Imperial Capital
Montage Resources price target lowered to $6 from $7 at Imperial Capital

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