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Miller Energy Resources (NASDAQ:MILL)‘s stock had its “buy” rating reissued by investment analysts at Brean Capital in a note issued to investors on Wednesday. They currently have a $9.00 target price on the stock. Brean Capital’s price target points to a potential upside of 78.22% from the stock’s previous close.

Shares of Miller Energy Resources (NASDAQ:MILL) traded up 3.91% during mid-day trading on Wednesday, hitting $5.05. 492,066 shares of the company’s stock traded hands. Miller Energy Resources has a 52-week low of $4.40 and a 52-week high of $8.97. The stock has a 50-day moving average of $5.19 and a 200-day moving average of $5.59. The company’s market cap is $232.7 million.

Miller Energy Resources (NASDAQ:MILL) last posted its quarterly earnings results on Wednesday, July 16th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. Analysts expect that Miller Energy Resources will post $-0.25 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Miller Energy Resources from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $5.50 price target on the stock. Separately, analysts at Casimir Capital downgraded shares of Miller Energy Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Finally, analysts at MLV & Co
cut their price target on shares of Miller Energy Resources from $9.00 to $8.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Miller Energy Resources presently has a consensus rating of “Buy” and a consensus target price of $8.00.

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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