Montage Resources (MR)

[RyGuy]

On thing I like to do is run some comparisons of the company in question like Montage Resources (MR), and try to determine just how much it is undervalued by.

I looked up 10 other Oil and Gas Production and Exploration companies. I took their average P/E valuations to come up with a value that MR should at least be close to....

Based on average valuations of a peer group and MR's profitability, MR should trade with a forward P/E at least relatively close to 10.59. While MR currently closed Friday's session at $4.11, if it traded at a 10.59 P/E, MR would have an approximate share price value of $22.45

https://drive.google.com/file/d/1OoIf9nb8qh0gjrIh__vQLnqY30gtipn5/view?usp=sharing