Mach Natural Resources LP (NYSE:MNR) Receives $18.20 Average PT from Analysts

Mach Natural Resources LP (NYSE:MNR) has received an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.20.

Several research analysts have recently weighed in on the company. Stephens set a $20.00 target price on Mach Natural Resources in a research note on Monday, July 13th. Truist Financial started coverage on shares of Mach Natural Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $14.00 price target for the company. Zacks Research downgraded shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings lowered shares of Mach Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Raymond James Financial boosted their price target on Mach Natural Resources from $18.00 to $19.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 14th.

Mach Natural Resources Trading Down 0.6%

Shares of Mach Natural Resources stock opened at $13.07 on Friday. The firm has a 50-day simple moving average of $13.26 and a two-hundred day simple moving average of $12.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.73 and a current ratio of 0.83. Mach Natural Resources has a fifty-two week low of $10.46 and a fifty-two week high of $15.58. The company has a market cap of $2.20 billion, a P/E ratio of 16.98 and a beta of -0.27.

Mach Natural Resources (NYSE:MNR) last posted its earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.23. Mach Natural Resources had a return on equity of 18.46% and a net margin of 7.46%.The firm had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $397.61 million. As a group, equities analysts predict that Mach Natural Resources will post 1.77 earnings per share for the current fiscal year.

Mach Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.64 dividend. This is a boost from Mach Natural Resources’s previous quarterly dividend of $0.53. This represents a $2.56 annualized dividend and a dividend yield of 19.6%. The ex-dividend date of this dividend was Thursday, May 21st. Mach Natural Resources’s payout ratio is 332.47%.

Hedge Funds Weigh In On Mach Natural Resources

A number of institutional investors have recently bought and sold shares of the company. ING Groep NV grew its stake 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 valued at $11,239,000 after buying an additional 191,000 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Mach Natural Resources in the third quarter valued at approximately $7,926,000. GatePass Capital LLC acquired a new position in Mach Natural Resources in the fourth quarter valued at approximately $373,000. Chicago Partners Investment Group LLC grew its position in Mach Natural Resources by 2.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 248,106 shares of the company’s stock worth $2,836,000 after acquiring an additional 5,086 shares during the period. Finally, Novem Group grew its position in Mach Natural Resources by 29.4% in the fourth quarter. Novem Group now owns 22,000 shares of the company’s stock worth $243,000 after acquiring an additional 5,000 shares during the period. 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.