Mountain Resource (RRC, Financial) saw its stock rise by 5.00%, trading at $35.68 with a volume of 847,380 shares and a turnover rate of 0.35%. The company's recent financial report shows revenue of $568 million, net profit of $50.49 million, and earnings per share of $0.21. The gross profit was $95.57 million, with a P/E ratio of 17.82. Among 29 rating institutions, 24% recommend buying, 66% holding, and 10% selling.
In the oil and gas exploration industry, where RRC operates, the sector saw a decline of 0.99%. Notable performers include Comstock Resources, EQT Corporation, and Diversified Energy Company Plc. Mountain Resource, based in Fort Worth, focuses on operations in Pennsylvania's Marcellus Shale, with proven reserves totaling 18.1 trillion cubic feet equivalent by the end of 2023.
