SunTrust Increases Miller Energy Resources Price Target to $8.00 (MILL)
Equities researchers at SunTrust raised their price objective on shares of Miller Energy Resources (NASDAQ:MILL) from $6.50 to $8.00 in a research report issued on Thursday, AR Network reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price objective would indicate a potential upside of 15.77% from the company’s current price.
MILL has been the subject of a number of other recent research reports. Analysts at Casimir Capital raised their price target on shares of Miller Energy Resources (NASDAQ:MILL) from $7.00 to $9.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Separately, analysts at TheStreet downgraded shares of Miller Energy Resources (NASDAQ:MILL) from a “hold” rating to a “sell” rating in a research note to investors on Friday, July 5th. Finally, analysts at Zacks downgraded shares of Miller Energy Resources (NASDAQ:MILL) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, June 17th. They now have a $3.90 price target on the stock.
Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Miller Energy Resources presently has an average rating of “Hold” and an average target price of $6.23.
Miller Energy Resources (NASDAQ:MILL) remained flat at $6.91 during trading on Thursday. The stock had a trading volume of 313,990 shares. Miller Energy Resources has a 1-year low of $3.34 and a 1-year high of $7.38. The stock has a 50-day moving average of $5.6 and a 200-day moving average of $4.37. The company’s market cap is $300.2 million.
Miller Energy Resources (NASDAQ:MILL) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.17) by $0.05. The company had revenue of $13.00 million for the quarter, compared to the consensus estimate of $11.92 million. Analysts expect that Miller Energy Resources will post $-0.35 EPS for the current fiscal year.
Miller Energy Resources, Inc is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration and development of oil and gas wells in the Appalachian region of East Tennessee and in southcentral Alaska.
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