What is William Blair’s Forecast for MNR FY2028 Earnings?

Mach Natural Resources LP (NYSE:MNR) – William Blair decreased their FY2028 earnings estimates for shares of Mach Natural Resources in a report issued on Monday, November 10th. William Blair analyst N. Dingmann now expects that the company will post earnings per share of $1.49 for the year, down from their previous estimate of $1.52. William Blair has a “Outperform” rating on the stock. The consensus estimate for Mach Natural Resources’ current full-year earnings is $1.95 per share. William Blair also issued estimates for Mach Natural Resources’ FY2029 earnings at $1.42 EPS.

Mach Natural Resources (NYSE:MNR) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The company had revenue of $272.56 million during the quarter, compared to analyst estimates of $243.65 million. Mach Natural Resources had a net margin of 20.83% and a return on equity of 23.23%.

Several other equities analysts have also recently issued reports on MNR. KeyCorp assumed coverage on Mach Natural Resources in a research report on Wednesday, August 27th. They set an “overweight” rating on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mach Natural Resources in a research note on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of Mach Natural Resources in a research report on Monday, July 14th. Northland Securities set a $20.00 price target on shares of Mach Natural Resources in a report on Monday. Finally, Northland Capmk raised shares of Mach Natural Resources to a “strong-buy” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Mach Natural Resources Price Performance

Shares of NYSE:MNR opened at $11.50 on Tuesday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 5.93 and a beta of -0.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.69. Mach Natural Resources has a 12 month low of $11.39 and a 12 month high of $19.00. The stock’s 50 day moving average price is $12.83 and its 200 day moving average price is $13.77.

Mach Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.08 dividend on an annualized basis and a yield of 9.4%. Mach Natural Resources’s dividend payout ratio (DPR) is currently 158.33%.

Institutional Trading of Mach Natural Resources

Hedge funds have recently bought and sold shares of the company. Cooksen Wealth LLC raised its position in Mach Natural Resources by 87.5% during the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after buying an additional 1,230 shares during the period. Arrow Investment Advisors LLC boosted its position in Mach Natural Resources by 12.9% during the 3rd quarter. Arrow Investment Advisors LLC now owns 12,216 shares of the company’s stock worth $161,000 after acquiring an additional 1,400 shares during the period. CWM LLC purchased a new position in Mach Natural Resources during the 3rd quarter valued at about $27,000. Janney Montgomery Scott LLC grew its stake in Mach Natural Resources by 20.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 14,754 shares of the company’s stock valued at $213,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Chung Wu Investment Group LLC purchased a new position in Mach Natural Resources during the second quarter valued at approximately $38,000. 78.36% of the stock is owned by hedge funds and other institutional investors.

Mach Natural Resources Company Profile

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. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure.