Mach Natural Resources LP (NYSE:MNR) at last check was buoying at $16.64 on current market day with a fall of -1.30% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $16.86 with its price kept floating in the range of $16.42 and $16.84 on the day. Considering stock’s 52-week price range provides that MNR hit a high price of $21.19 and saw its price falling to a low level of $14.40 during that period. Over a period of past 1-month, stock came subtracting -8.77% in its value.
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With its current market valuation of $1.58 billion, Mach Natural Resources LP is set to declare its quarterly results on 2024-Dec-06. MNR Stock’s Forward Dividend of 2.60 and its yield of 15.63% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 0.71 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 2.38 for current year with estimates of that growing to 2.99 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 252.22M. They suggested that in the process company could generate revenue of as low as 244.43M which could climb up to 260M to hit a high. The average estimate is representing an increase of 16.40% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 1B in current fiscal year, which will be 31.60% more from revenue generated by the company last year.
In contrast, when we review MNR stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Sell for it.
Digging deeper we become aware of the PEG ratio of the MNR stock which is currently positioned at 0. It further provides that stock’s current price level is -13.99% away from its 20-day simple moving average and is -13.81% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 28.45 while volatility remained at 4.88% over the past week which changes to 3.22% when measuring it over the past month. Average true range or ATR is currently at 0.71.
Having a second look at Mach Natural Resources LP (NYSE:MNR) provides that stock’s average daily trading volume for 3 months was 103.29K, while it jumped to 188390 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 95.00 million.
The percentage of outstanding shares held by the insiders is 87.94% while it is 5.88% for the institutional holders. The figures also indicate that as of 2024-08-15, number of stock’s short shares was 0.25 million which implies a short ratio of 3.64. This shows up a 220.00 of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 0.21 million in the previous month. Addition of 0.91% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
