Mach Natural Resources LP (NYSE:MNR) Receives Average Rating of “Moderate Buy” from Analysts

Mach Natural Resources LP (NYSE:MNR) has received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.3333.

Several research analysts have commented on MNR shares. Capital One Financial assumed coverage on Mach Natural Resources in a research report on Friday. They issued an “overweight” rating and a $16.00 price target on the stock. Northland Securities set a $17.00 price objective on Mach Natural Resources in a research report on Monday, August 10th. Stephens set a $20.00 price objective on shares of Mach Natural Resources in a research note on Monday, July 13th. Citigroup reaffirmed an “outperform” rating on shares of Mach Natural Resources in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Mach Natural Resources from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNR. Goldman Sachs Group Inc. lifted its stake in shares of Mach Natural Resources by 120.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company’s stock valued at $59,320,000 after buying an additional 2,084,511 shares during the period. First Trust Advisors LP bought a new position in Mach Natural Resources during the second quarter valued at about $7,630,000. Pin Oak Investment Advisors Inc. acquired a new position in Mach Natural Resources in the 2nd quarter valued at approximately $3,064,000. &PARTNERS raised its holdings in Mach Natural Resources by 454.1% in the 4th quarter. &PARTNERS now owns 270,833 shares of the company’s stock valued at $2,980,000 after acquiring an additional 221,958 shares in the last quarter. Finally, ING Groep NV lifted its position in shares of Mach Natural Resources by 23.1% in the 4th quarter. ING Groep NV now owns 1,018,000 shares of the company’s stock worth $11,239,000 after acquiring an additional 191,000 shares during the period. Institutional investors and hedge funds own 78.36% of the company’s stock.

Mach Natural Resources Price Performance

Shares of NYSE:MNR opened at $12.59 on Friday. The business has a 50 day moving average price of $12.93 and a 200 day moving average price of $13.25. Mach Natural Resources has a twelve month low of $10.46 and a twelve month high of $15.02. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 21.34 and a beta of -0.32. The company has a quick ratio of 0.76, a current ratio of 0.88 and a debt-to-equity ratio of 0.63.

Mach Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, August 17th. This represents a $1.44 annualized dividend and a dividend yield of 11.4%. Mach Natural Resources’s payout ratio is presently 244.07%.

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.