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Miller Energy Resources (NASDAQ:MILL) was upgraded by stock analysts at Casimir Capital from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Shares of Miller Energy Resources (NASDAQ:MILL) opened at 4.90 on Tuesday. Miller Energy Resources has a 1-year low of $4.40 and a 1-year high of $8.97. The stock’s 50-day moving average is $5.07 and its 200-day moving average is $5.52. The company’s market cap is $225.8 million.

Miller Energy Resources (NASDAQ:MILL) last posted its quarterly earnings results 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. On average, analysts predict that Miller Energy Resources will post $-0.25 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Miller Energy Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $5.80 price target on the stock. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of Miller Energy Resources in a research note on Wednesday, August 20th. They now have a $9.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.06.

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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