GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » 6-1 Month Momentum %

MNR (Mach Natural Resources LP) 6-1 Month Momentum % : -15.80% (As of Dec. 14, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Mach Natural Resources LP 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-14), Mach Natural Resources LP's 6-1 Month Momentum % is -15.80%.

The industry rank for Mach Natural Resources LP's 6-1 Month Momentum % or its related term are showing as below:

MNR's 6-1 Month Momentum % is ranked worse than
68.16% of 1049 companies
in the Oil & Gas industry
Industry Median: -4.78 vs MNR: -15.80

Competitive Comparison of Mach Natural Resources LP's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Mach Natural Resources LP's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mach Natural Resources LP's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mach Natural Resources LP's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Mach Natural Resources LP's 6-1 Month Momentum % falls into.



Mach Natural Resources LP  (NYSE:MNR) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mach Natural Resources LP  (NYSE:MNR) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Mach Natural Resources LP 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Mach Natural Resources LP's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Mach Natural Resources LP Business Description

Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Mach Natural Resources LP is an independent upstream oil and gas company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134