Meren Energy Inc. (MRNFF)
OTHER OTC:MRNFF
MRNFF Stock Chart & Stats
$1.71
$0.06(3.63%)
―
--
Day’s Range― - ―
52-Week Range$1.13 - $1.84
Previous CloseN/A
VolumeN/A
Average Volume (3M)159.32K
Market Cap
$1.16B
Enterprise Value$1.35B
Total Cash (Recent Filing)$174.38M
Total Debt (Recent Filing)$336.09M
Price to Earnings (P/E)―
Beta0.23
Next Earnings
May 12, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend Yield5.46%
Share Statistics
EPS (TTM)-0.13
Shares Outstanding675,909,200
10 Day Avg. Volume99,862
30 Day Avg. Volume159,324
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.07
Price to Sales (P/S)1.44
P/FCF Ratio2.41
Enterprise Value/Market Cap1.16
Enterprise Value/Revenue2.39
Enterprise Value/Gross Profit9.89
Enterprise Value/Ebitda3.72
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)$594.34M
Bulls Say, Bears Say
Bulls Say
Material Free Cash Flow GenerationSustained, material operating and free cash flow in 2025 provides durable internal funding for reinvestment, debt reduction and shareholder returns. Strong cash generation reduces reliance on external financing, supports planned CapEx, hedging strategy and funds near-term drilling programs while improving financial resilience.
Marked Deleveraging And Conservative Liquidity PolicyA low net-debt-to-EBITDAX ratio and explicit liquidity targets create structural balance-sheet flexibility, lowering refinancing and commodity-cycle vulnerability. Deleveraging and planned RBL refinancing improve borrowing profile, enabling disciplined capital allocation to growth projects and dividends without excessive leverage risk.
Larger Scale And Clear Organic Development PipelineThe transformational consolidation increased scale and reserve base, improving operating leverage and project optionality. A broad, near‑term pipeline of infill wells and tiebacks plus potential new FIDs provides multiple durable upside catalysts for reserve replacement and sustained production growth over the next 2–4 years.
Bears Say
Net Losses And Earnings Volatility Despite Cash FlowPersistent net losses and historical earnings volatility weaken confidence in underlying profitability despite cash generation. Timing, non-cash items and prior weak revenue raise questions about earnings quality and ROE (-4.2% in 2025), which can constrain long-term return metrics and investor perception of sustainable profit conversion.
Significant Non-cash Impairment At AgbamiA large impairment signals higher-than-expected life-extension costs and pressure on recoverable values, indicating asset-specific execution and cost risks. This raises the probability of further write-downs, increases required CapEx for reliable operations, and can reduce future cash generation from the affected asset over the long term.
Reserve Replacement And Execution/regulatory Timing RiskA decline in 2P reserves coupled with drilling and regulatory timing uncertainty threatens the company’s ability to replace production and sustain volumes. Delays in rig arrival, suspended activity from appeals and partner-dependent commercialization increase the risk that projected production and cash flows will be postponed or costlier to realize.
Meren Energy News
MRNFF FAQ
What was Meren Energy Inc.’s price range in the past 12 months?
Meren Energy Inc. lowest stock price was $1.13 and its highest was $1.84 in the past 12 months.
What is Meren Energy Inc.’s market cap?
Meren Energy Inc.’s market cap is $1.16B.
When is Meren Energy Inc.’s upcoming earnings report date?
Meren Energy Inc.’s upcoming earnings report date is May 12, 2026 which is in 35 days.
How were Meren Energy Inc.’s earnings last quarter?
Meren Energy Inc. released its earnings results on Feb 24, 2026. The company reported -$0.128 earnings per share for the quarter, missing the consensus estimate of $0.035 by -$0.163.
Is Meren Energy Inc. overvalued?
According to Wall Street analysts Meren Energy Inc.’s price is currently Undervalued.
Does Meren Energy Inc. pay dividends?
Meren Energy Inc. pays a Quarterly dividend of $0.037 which represents an annual dividend yield of 5.46%. See more information on Meren Energy Inc. dividends here
What is Meren Energy Inc.’s EPS estimate?
Meren Energy Inc.’s EPS estimate is 0.02.
How many shares outstanding does Meren Energy Inc. have?
Meren Energy Inc. has 675,909,200 shares outstanding.
What happened to Meren Energy Inc.’s price movement after its last earnings report?
Meren Energy Inc. reported an EPS of -$0.128 in its last earnings report, missing expectations of $0.035. Following the earnings report the stock price went down -9.501%.
Which hedge fund is a major shareholder of Meren Energy Inc.?
Currently, no hedge funds are holding shares in MRNFF
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Meren Energy Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Blogger Sentiment
Bullish
MRNFF Sentiment 100%
Sector Average 68%
Sector Average 68%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.30%
12-Months-Change
Fundamentals
Return on Equity
-3.80%
Trailing 12-Months
Asset Growth
217.28%
Trailing 12-Months
Company Description
Meren Energy Inc.
Meren Energy Inc., formerly known as Africa Oil Corp., is a Canadian oil and gas exploration and production company. It operates in Nigeria, Namibia, South Africa, and Equatorial Guinea, holding interests in producing and development assets in deep-water Nigeria, as well as a portfolio of development and exploration assets in West and South Africa.
MRNFF Company Deck
MRNFF Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a largely constructive picture: management delivered on consolidation, generated strong operating cash and materially deleveraged the balance sheet while returning capital to shareholders. They set out a detailed organic growth pipeline (near- and mid-term projects) and maintained disciplined liquidity and hedging policies. Key negatives included a $105.3 million non-cash impairment at Agbami, a material drop in cash balance (≈ -62%), a slight miss on EBITDAX vs guidance, near-term production headwinds in Q4, and timing/regulatory risks for future growth. On balance the positive operational, financial and strategic developments (deleveraging, shareholder returns, visible organic catalysts and prudent capital framework) outweigh the headwinds.View all MRNFF earnings summariesOwnership Overview
0.42% Insiders
1.46%
Mutual Funds
<0.01% Other Institutional Investors
97.73% Public Companies and
Individual Investors
Options Prices
Currently, No data available
---