MNR
Next earnings: Aug 6, 2026 · After close
Signal
Leaning Bullish1
Price
1
Move+0.91%Quiet session
Volume
1
Volume0.3× avgLight volume
Technical
1
RSIRSI 62Momentum positive
PRICE
Prev Close
14.32
Open
14.40
Day Range14.36 – 14.57
14.36
14.57
52W Range10.46 – 15.60
10.46
15.60
78% of range
VOLUME & SIZE
Avg Volume
722.8K
FUNDAMENTALS
P/E Ratio
19.5x
EPS (TTM)
Div Yield
0.03%
Performance
1D
+0.91%
5D
+5.09%
1M
+11.33%
3M
+8.56%
6M
+20.02%
YTD
+30.89%
1Y
+1.76%
Best: YTD (+30.89%)
Quick Read
TrendInsufficient MA data
Momentum
BULLISH
revenue +39% YoY
Valuation
FAIR
P/E 20x vs ~20x sector
Health
MODERATE
CR 0.8 (low) · FCF $0.58/sh
Bullish
Key MetricsTTM
Market Cap$2.43B
Revenue TTM$1.33B
Net Income TTM$235.04M
Free Cash Flow$96.84M
Gross Margin36.9%
Net Margin17.7%
Operating Margin21.1%
Return on Equity13.1%
Return on Assets6.4%
Debt / Equity0.62
Current Ratio0.83
EPS TTM$1.40
Alpha SignalsFull Analysis →
What Moves This Stock

WTI crude oil spot prices and forward curve expectations - every $5 move in WTI impacts annual EBITDA by approximately $40-50M

Quarterly production volumes and ability to maintain flat-to-growing output from mature base (target ~45,000-50,000 BOE/d)

Distribution coverage ratio and sustainability of quarterly unitholder payments (currently yielding 8-12%)

Acquisition announcements and ability to deploy capital into accretive bolt-on purchases in core operating areas

Macro Sensitivity
Economic Cycle

high - As a pure-play E&P operator, MNR is highly sensitive to global economic activity that drives oil demand. Industrial production, manufacturing activity, and transportation fuel consumption directly impact crude oil prices. During recessions, oil demand destruction typically leads to 20-40% price declines, severely impacting cash flows. The company's conventional asset base provides some stability versus shale operators, but commodity price exposure remains the dominant business driver.

Interest Rates

Rising interest rates have moderate negative impact through two channels: (1) higher borrowing costs on the company's $400-500M credit facility reduce distributable cash flow by approximately $2-4M annually per 100bps rate increase, and (2) higher rates compress valuation multiples for yield-oriented MLPs as alternative fixed-income investments become more attractive. However, the company's modest leverage (0.59x D/E) limits direct financial impact compared to highly levered peers.

Key Risks

Energy transition and peak oil demand concerns create long-term valuation pressure on fossil fuel producers, particularly those without renewable energy diversification strategies

Mature asset base with 8-12% annual decline rates requires continuous capital investment and successful workovers to maintain production, with limited inventory of low-cost drilling locations

Regulatory risks including potential federal restrictions on drilling permits, methane emission regulations, and state-level production taxes in Oklahoma and New Mexico

Investor Profile

value and dividend - MNR attracts income-focused investors seeking high current yield (8-12% distribution yield) and value investors targeting discounted energy exposure trading below book value (0.9x P/B). The MLP structure appeals to tax-advantaged accounts and investors comfortable with K-1 reporting. Strong free cash flow generation (18.6% FCF yield) attracts opportunistic value investors betting on commodity price recovery. Not suitable for ESG-focused or growth-oriented portfolios.

Watch on Earnings
WTI crude oil spot price and 12-month forward strip pricingQuarterly production volumes in BOE/d and oil percentage of total productionLease operating expenses per BOE and all-in cash costs including G&ADistributable cash flow and distribution coverage ratio
Health Radar
2 strong2 watch2 concern
47/100
Liquidity
0.83Concern
Leverage
0.62Strong
Coverage
11.2xStrong
ROE
13.1%Watch
ROIC
8.5%Watch
Cash
$43MConcern
ANALYST COVERAGE12 analysts
BUY
+24.6%upside to target
Strong Buy
18%
Buy
758%
Hold
325%
Sell
18%
8 Buy (67%)3 Hold (25%)1 Sell (8%)
Full report →
Stock Health
Composite Score
4 of 5 signals bullish
8/10
Technicals
RSI RangeRSI 62 — Bullish momentum
Volume
Volume FlowAccumulation — institutional buying
Fundamentals
Last EarningsBeat estimates
Analyst ConsensusBuy
LiquidityCurrent Ratio 0.83 — liquidity risk
Upcoming Events
EEarnings ReportMay 18, 2026
Tomorrow
DEx-Dividend DateAug 14, 2026
In 89 days
PDividend PaymentAug 31, 2026
In 106 days
Technicals
Technical SetupBULLISH
Technicals →

Trend

UptrendGolden Cross · 50D leads 200D by 5.0%

+7.0% vs SMA 50 · +12.3% vs SMA 200

Momentum

RSI62.1
Positive momentum, not extended
MACD+0.24
Above zero — bullish momentum · expanding
Market Position
Price Levels
52W High
$15.60+8.0%
Current
$14.45
EMA 50
$13.42-7.1%
EMA 200
$13.24-8.3%
52W Low
$10.46-27.6%
52-Week RangeNear 52-week high
$10.4678th %ile$15.60
Squeeze SetupVolume-based
Moderate Squeeze Setup

Accumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.

20-Day Money Flow
Acc days:5
Dist days:0
Edge:+5 acc
Volume Context
Avg Vol (50D)799K
Recent Vol (5D)
477K-40%

Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.

Earnings & Analysts

ANALYST ESTIMATES

Consensus of 4 analysts
Analyst revisions:EPS↓ Revised DownRevenue↓ Revised Down

Analyst consensus estimates · Actuals replace estimates as reported

YearRevenue Est.Rev GthEPS Est.EPS GthRangeAnalysts
FY2025
$1.1B
$1.1B$1.1B
$1.19
±29%
Moderate4
FY2026(current)
$1.5B
$1.4B$1.6B
+32.0%$1.27+6.7%
±35%
Moderate3
FY2027
$1.5B
$1.4B$1.5B
-1.8%$1.46+14.4%
±26%
Moderate4
Range confidence:Tight (high)ModerateWide (low)
🔥Beat 4 consecutive quarters
Earnings HistoryMNR
Last 8Q
+27.0%avg beat
Beat 6 of 8 quartersMissed 2 Estimates falling
-32%
Q3'24
+25%
Q4'24
+41%
Q1'25
-1%
Q2'25
+43%
Q3'25
+29%
Q4'25
+65%
Q1'26
+45%
Q2'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
Analyst Activity
All ratings →
No recent activity
KeyBancOverweight → Sector Weight
Jan 16
DOWNGRADE
Insider Activity
SEC Filings →
4 Buys/2 SellsNet Buying
Ward Tom L.Dir
$1000K
Apr 13
BUY
Ward Tom L.Dir
$1000K
Apr 13
BUY
Ikav General Partne…10 Percent Own…
$59.1M
Apr 8
SELL
Ikav General Partne…10 Percent Own…
$12.1M
Apr 8
SELL
Burn ChristopherDir
$14K
Mar 20
BUY
Burn ChristopherDir
$14K
Mar 19
BUY
Financials
Dividends13.63% yield
3 yrs of payments
Annual Yield13.63%
Quarterly Div.$0.6400
Est. Annual / Share$2.56
FrequencyQuarterly
Q3'24
Q4'24
Q1'25
Q2'25
Q3'25
Q4'25
Q1'26
Q2'26

Dividend per payment — last 8 periods

INSTITUTIONAL OWNERSHIP

1
KAYNE ANDERSON CAPITAL ADVISORS LP
19.0M
2
AMERICAN CENTURY COMPANIES INC
2.4M
3
MORGAN STANLEY
1.2M
4
GOLDMAN SACHS GROUP INC
1.0M
5
ING GROEP NV
1.0M
6
FIRST TRUST ADVISORS LP
498K
7
RAYMOND JAMES FINANCIAL INC
461K
8
WILEY BROS.-AINTREE CAPITAL, LLC
265K
News & Activity

MNR News

About

No description available.

Country
United States
Peers(7 companies)
Screen sector →
SymbolPriceDay %Mkt CapP/ERev GrwMarginELO
MNR
$14.45+0.91%$2.4B10.3+2122.1%2433.0%1500
$404.35-3.20%$2.1T30.5+3296.8%4510.0%1500
$132.58-6.05%$307.9B20.7-44.8%1012.0%1500
$88.38-2.58%$303.7B13.6+318.8%1510.7%1500
$148.08-1.13%$282.6B21.0+597.3%2564.4%1500
$181.58-1.83%$281.6B26.9+862.9%1745.9%1500
$183.40-0.23%$256.1B16.8+213.3%1482.4%1500
Sector avg-2.02%20.0+1052.3%2179.7%1500