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

Mach Natural Resources LP (NYSE:MNR) – Equities research analysts at William Blair dropped their FY2028 earnings estimates for Mach Natural Resources in a research report issued on Monday, November 10th. William Blair analyst N. Dingmann now anticipates 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 posted its earnings results on Thursday, November 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. Mach Natural Resources had a net margin of 20.83% and a return on equity of 23.23%. The company had revenue of $272.56 million for the quarter, compared to analyst estimates of $243.65 million.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered Mach Natural Resources from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mach Natural Resources in a report on Wednesday, October 8th. Northland Capmk raised Mach Natural Resources to a “strong-buy” rating in a research report on Monday, October 13th. Zacks Research cut shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Northland Securities set a $20.00 target price on shares of Mach Natural Resources in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mach Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Mach Natural Resources Stock Up 2.2%

Shares of NYSE MNR opened at $11.77 on Tuesday. The company has a market capitalization of $1.98 billion, a P/E ratio of 6.06 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. The company has a 50 day simple moving average of $12.79 and a 200-day simple moving average of $13.76. Mach Natural Resources has a 1 year low of $11.39 and a 1 year high of $19.00.

Mach Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, November 20th. Mach Natural Resources’s payout ratio is currently 112.50%.

Institutional Trading of Mach Natural Resources

Several hedge funds have recently made changes to their positions in the business. CWM LLC acquired a new position in shares of Mach Natural Resources in the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC purchased a new position in Mach Natural Resources in the 2nd quarter valued at approximately $38,000. Cooksen Wealth LLC boosted its position in Mach Natural Resources by 87.5% in the 2nd 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. Arlington Trust Co LLC acquired a new position in shares of Mach Natural Resources in the third quarter worth $53,000. Finally, State of Wyoming purchased a new stake in shares of Mach Natural Resources during the first quarter worth $108,000. Institutional investors and hedge funds own 78.36% of the company’s stock.

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.