With 0.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.21 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $17.8999 whereas the lowest price it dropped to was $17.53. The 52-week range on MNR shows that it touched its highest point at $21.19 and its lowest point at $14.46 during that stretch. It currently has a 1-year price target of $23.67. With its current market cap of 1.83 billion, MNR has annualized dividend of $3.20 while the current yield stands at 18.13%. MNR paid its most recent dividend on 1732579200, while the ex-dividend date for that was 1732579200. Beta for the stock currently stands at -1.03.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNR was up-trending over the past week, with a rise of 3.58%, but this was up by 14.91% over a month. Three-month performance surged to 8.82% while six-month performance fell -10.54%. The stock gained 3.82% in the past year, while it has gained 2.74% so far this year. A look at the trailing 12-month EPS for MNR yields -0.39 with Next year EPS estimates of 2.48. For the next quarter, that number is 0.60. This implies an EPS growth rate of -50.52% for this year and 17.49% for next year.
Float and Shares Shorts:
At present, 103.49 million MNR shares are outstanding with a float of 18.83 million shares on hand for trading. On 2024-10-31, short shares totaled 0.11 million, which was 11.0 higher than short shares on 1727654400. In addition to Mr. Tom L. Ward as the firm’s CEO & Director of Mach Natural Resources GP LLC, Mr. Kevin R. White serves as its Chief Financial Officer of Mach Natural Resources GP LLC.
Institutional Ownership:
Through their ownership of 0.72732 of MNR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, MNR reported revenue of $255536000.0 and operating income of $94734000.0. The EBITDA in the recently reported quarter was $159793000.0 and diluted EPS was $0.7.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With MNR analysts setting a high price target of 25.0 and a low target of 21.0, the average target price over the next 12 months is 23.2. Based on these targets, MNR could surge 41.64% to reach the target high and rise by 18.98% to reach the target low. Reaching the average price target will result in a growth of 31.44% from current levels.
Analysts have provided yearly estimates in a range of $2.21362 being high and $2.04257 being low. For MNR, this leads to a yearly average estimate of $2.113. Based on analyst estimates, the high estimate for the next quarter is $0.87 and the low estimate is $0.68. The average estimate for the next quarter is thus $0.75.
