Zacks Downgrades Miller Energy Resources to Neutral (MILL)
Miller Energy Resources (NASDAQ:MILL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Friday. They currently have a $5.80 price objective on the stock. Zacks‘s price target suggests a potential upside of 16.94% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital reiterated a “buy” rating on shares of Miller Energy Resources in a research note on Wednesday. They now have a $9.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.06.
Miller Energy Resources (NASDAQ:MILL) traded down 1.81% during mid-day trading on Friday, hitting $4.87. The stock had a trading volume of 119,184 shares. Miller Energy Resources has a one year low of $4.40 and a one year high of $8.97. The stock has a 50-day moving average of $5.1 and a 200-day moving average of $5.5. The company’s market cap is $224.4 million.
Miller Energy Resources (NASDAQ:MILL) last released its earnings data on Wednesday, July 16th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $0.07. Analysts expect that Miller Energy Resources will post $-0.25 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.
To view Zacks’ full report, visit Zacks’ official website.
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