Mach Natural Resources LP (NYSE:MNR) Receives $20.00 Average PT from Analysts

Shares of Mach Natural Resources LP (NYSE:MNR) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.00.

MNR has been the topic of a number of recent research reports. Northland Securities set a $20.00 price target on shares of Mach Natural Resources in a report on Monday, November 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Mach Natural Resources in a research report on Friday, January 16th. Stifel Nicolaus cut their target price on Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Mach Natural Resources in a research note on Monday, December 29th. Finally, Zacks Research downgraded Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th.

Mach Natural Resources Stock Performance

Shares of MNR stock opened at $11.35 on Friday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 11.83 and a beta of -0.07. 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 business’s 50-day moving average price is $11.47 and its 200-day moving average price is $12.78. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $18.46.

Mach Natural Resources (NYSE:MNR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. Mach Natural Resources had a net margin of 10.40% and a return on equity of 19.47%. The business had revenue of $272.56 million during the quarter, compared to analyst estimates of $243.65 million. Equities research analysts forecast that Mach Natural Resources will post 1.95 EPS for the current year.

Mach Natural Resources Cuts Dividend

The company 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. The ex-dividend date was Thursday, November 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.5%. Mach Natural Resources’s payout ratio is 112.50%.

Hedge Funds Weigh In On Mach Natural Resources

Hedge funds have recently bought and sold shares of the company. CWM LLC bought a new stake in Mach Natural Resources during the third quarter valued at $27,000. Chung Wu Investment Group LLC bought a new position in shares of Mach Natural Resources in the 2nd quarter worth about $38,000. Cooksen Wealth LLC lifted its stake in shares of Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after purchasing an additional 1,230 shares during the period. Arlington Trust Co LLC bought a new stake in shares of Mach Natural Resources during the 3rd quarter valued at about $53,000. Finally, Osaic Holdings Inc. grew its stake in Mach Natural Resources by 208.5% during the second quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock worth $120,000 after purchasing an additional 5,611 shares during the period. Institutional investors own 78.36% of the company’s stock.

Mach Natural Resources Company Profile

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.