Mach Natural Resources (NYSE:MNR) Sets New 52-Week Low – Time to Sell?

Mach Natural Resources LP (NYSE:MNR) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $10.89 and last traded at $10.9750, with a volume of 124237 shares. The stock had previously closed at $11.25.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MNR. Northland Capmk upgraded shares of Mach Natural Resources to a “strong-buy” rating in a research note on Monday, October 13th. Zacks Research raised shares of Mach Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Northland Securities set a $20.00 price objective on Mach Natural Resources in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Mach Natural Resources in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mach Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Mach Natural Resources Stock Down 0.6%

The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $11.75 and its 200 day simple moving average is $13.18. The firm has a market capitalization of $1.88 billion, a P/E ratio of 11.65 and a beta of -0.07.

Mach Natural Resources (NYSE:MNR) last announced its earnings results on Thursday, November 6th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $272.56 million for the quarter, compared to analysts’ expectations of $243.65 million. Mach Natural Resources had a net margin of 10.40% and a return on equity of 19.47%. Research analysts expect that Mach Natural Resources LP will post 1.95 EPS for the current year.

Mach Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Thursday, November 20th. Mach Natural Resources’s payout ratio is currently 112.50%.

Institutional Trading of Mach Natural Resources

Institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new stake in shares of Mach Natural Resources during the third quarter valued at $7,926,000. Pin Oak Investment Advisors Inc. raised its position in Mach Natural Resources by 8.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 236,702 shares of the company’s stock worth $3,120,000 after buying an additional 19,203 shares during the last quarter. Clear Street Group Inc. purchased a new position in Mach Natural Resources in the 3rd quarter worth about $5,638,000. Raymond James Financial Inc. lifted its stake in Mach Natural Resources by 22.9% during the 3rd quarter. Raymond James Financial Inc. now owns 376,757 shares of the company’s stock valued at $4,966,000 after acquiring an additional 70,180 shares during the period. Finally, Zuckerman Investment Group LLC boosted its holdings in shares of Mach Natural Resources by 5.6% during the 3rd quarter. Zuckerman Investment Group LLC now owns 95,000 shares of the company’s stock valued at $1,252,000 after acquiring an additional 5,000 shares during the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

About Mach Natural Resources

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. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.