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

Shares of Mach Natural Resources LP (NYSE:MNR) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two investment 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 analysts that have updated their coverage on the stock in the last year is $20.00.

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

Mach Natural Resources Stock Up 1.3%

NYSE MNR opened at $13.27 on Wednesday. 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 fifty-two week low of $10.46 and a fifty-two week high of $16.65. The business has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $12.47. The stock has a market cap of $2.24 billion, a PE ratio of 13.83 and a beta of -0.09.

Mach Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 16.0%. The ex-dividend date of this dividend is Thursday, February 26th. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.27. Mach Natural Resources’s dividend payout ratio is currently 112.50%.

Institutional Trading of Mach Natural Resources

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 2,084,511 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Mach Natural Resources by 20.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,754 shares of the company’s stock worth $213,000 after purchasing an additional 2,500 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Mach Natural Resources in the 2nd quarter valued at about $192,000. Strategic Financial Concepts LLC raised its stake in shares of Mach Natural Resources by 52.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 18,797 shares of the company’s stock valued at $271,000 after purchasing an additional 6,485 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in shares of Mach Natural Resources during the second quarter worth about $149,000. Institutional investors and hedge funds 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.