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

Mach Natural Resources LP (NYSE:MNR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.00.

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

Institutional Investors Weigh In On Mach Natural Resources

Several large investors have recently made changes to their positions in MNR. CWM LLC purchased a new position in Mach Natural Resources during the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new position in shares of Mach Natural Resources during the 2nd quarter valued at approximately $38,000. Cooksen Wealth LLC grew its holdings in shares of Mach Natural Resources by 87.5% in the second 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 in the last quarter. Arlington Trust Co LLC bought a new stake in Mach Natural Resources in the third quarter worth $53,000. Finally, Osaic Holdings Inc. raised 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 valued at $120,000 after purchasing an additional 5,611 shares in the last quarter. 78.36% of the stock is owned by institutional investors.

Mach Natural Resources Price Performance

NYSE MNR opened at $11.45 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $19.00. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 11.93 and a beta of -0.07. The company’s 50 day moving average is $11.48 and its two-hundred day moving average is $12.82.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $272.56 million during 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%. As a group, research analysts anticipate that Mach Natural Resources will post 1.95 earnings per share for the current year.

Mach Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a $0.27 dividend. The ex-dividend date was Thursday, November 20th. This represents a $1.08 annualized dividend and a yield of 9.4%. Mach Natural Resources’s payout ratio is presently 112.50%.

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.