Streetbeat News

MNR

Mach Natural Resources LP

https://www.machresources.com

Industry

Oil & Gas Exploration & Production

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.

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Mach Natural Resources announced its expected oil volumes for Q3 and Q4, ranging between 18.6 MBbl/d to 19.9 MBbl/d. For FY24, the company expects oil volumes to range between 19.4 MBbl/d to 20.6 MBbl/d.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:10 pm

Mach Natural Resources reported Q2 revenue of $240 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:08 pm

Mach Natural Resources reported its Q1 2024 earnings with a GAAP EPS of $0.44 and sales of $255.240M, which fell short of the estimated $261.206M.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:08 pm

Mach Natural Resources reported a fiscal year 2023 net income of $347 million and revenues of $762 million.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:11 pm

Numerous companies are scheduled to report their quarterly earnings on April 1, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include Mach Natural Resources with expected earnings of $0.92 per share, Sigma Lithium with $0.18 per share, and PVH Corp with a significant $3.53 per share. Conversely, companies like Enservco and Nano X Imaging are anticipating losses. This diverse earnings landscape provides a broad view of the financial health across different industries.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:13 am

Mach Natural Resources (NYSE:MNR) has received 4 analyst ratings in the last three months, all bullish, with a recent average price target of $28.25, down from $30.50. Derrick Whitfield of Stifel lowered his price target twice, while John Freeman of Raymond James announced a strong buy with a $23.00 target. MNR has seen a revenue decline of -40.7% as of September 30, 2023, but boasts a high net margin of 47.6%, an ROE of 9.21%, and an ROA of 6.71%, with a low debt-to-equity ratio of 0.14.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:00 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has reduced the price target from $30 to $29.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:27 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has lowered the price target from $31 to $30 as reported on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:00 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has reduced the price target from $31 to $30.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 12:15 pm

Mach Natural Resources (MNR) reported Q3 sales of $175.39M, missing the $243.68M estimate, a 28.02% miss and a 40.70% decrease from $295.74M YoY. Net income was $83.48M, down from $172.22M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:45 am

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