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.

Open

16.34

Mkt cap

1.6B

Volume

181K

High

16.34

P/E Ratio

-76.14

52-wk high

21.19

Low

15.90

Div yield

0.16

52-wk low

14.40

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

A list of companies is scheduled to report their earnings on December 6, 2023. The report includes both companies reporting before the bell, such as Ollie's Bargain Outlet, Root, and Campbell Soup, and those reporting after the bell, including GameStop, ChargePoint Holdings, and Chewy. The earnings estimates range from losses in some cases to profits in others, with revenues varying from thousands to billions of dollars.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 10:35 am

Raymond James analyst John Freeman has initiated coverage on Mach Natural Resources (NYSE:MNR) with a Strong Buy rating and set a price target of $23.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:17 pm

Stifel analyst Derrick Whitfield has initiated coverage on Mach Natural Resources (NYSE:MNR) with a Buy rating and set a price target of $31.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:26 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.