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Miller Energy Resources (NASDAQ:MILL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Thursday, AnalystRatings.Net reports. The firm currently has a $6.00 price objective on the stock. Zacks‘s target price would indicate a potential upside of 10.29% from the company’s current price.

Shares of Miller Energy Resources (NASDAQ:MILL) traded down 2.57% during mid-day trading on Thursday, hitting $5.30. The stock had a trading volume of 299,609 shares. Miller Energy Resources has a 52 week low of $3.50 and a 52 week high of $8.97. The stock has a 50-day moving average of $5.97 and a 200-day moving average of $6.98. The company’s market cap is $239.8 million.

Separately, analysts at Imperial Capital cut their price target on shares of Miller Energy Resources from $9.50 to $7.50 in a research note on Wednesday, March 19th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.17.

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.

To view Zacks’ full report, visit Zacks’ official website.

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