Mach Natural Resources LP (NYSE:MNR) Given Average Rating of “Moderate Buy” by Brokerages

Mach Natural Resources LP (NYSE:MNR) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.25.

Several research firms recently commented on MNR. Northland Capmk raised Mach Natural Resources to a “strong-buy” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Mach Natural Resources in a research report on Monday, December 22nd. Northland Securities set a $20.00 target price on shares of Mach Natural Resources in a research note on Monday, November 10th. Finally, Zacks Research upgraded shares of Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th.

Institutional Trading of Mach Natural Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of MNR. Raymond James Financial Inc. lifted its holdings in Mach Natural Resources by 8.6% during the 1st quarter. Raymond James Financial Inc. now owns 324,291 shares of the company’s stock worth $5,043,000 after buying an additional 25,778 shares during the last quarter. American Century Companies Inc. raised its position in shares of Mach Natural Resources by 4.1% during the 2nd quarter. American Century Companies Inc. now owns 2,578,929 shares of the company’s stock worth $37,240,000 after acquiring an additional 100,574 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Mach Natural Resources during the 2nd quarter worth about $3,487,000. Franklin Resources Inc. lifted its stake in Mach Natural Resources by 115.6% during the second quarter. Franklin Resources Inc. now owns 391,720 shares of the company’s stock worth $5,656,000 after purchasing an additional 209,993 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Mach Natural Resources in the second quarter valued at approximately $192,000. 78.36% of the stock is currently owned by institutional investors and hedge funds.

Mach Natural Resources Price Performance

Mach Natural Resources stock opened at $11.04 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Mach Natural Resources has a 52-week low of $10.93 and a 52-week high of $19.00. The firm has a market cap of $1.86 billion, a PE ratio of 11.50 and a beta of -0.12. The company’s 50 day moving average is $11.83 and its two-hundred day moving average is $13.29.

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

Mach Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Thursday, November 20th. Mach Natural Resources’s payout ratio is 112.50%.

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.