Analysts Set Mach Natural Resources LP (NYSE:MNR) Target Price at $20.00

Shares of Mach Natural Resources LP (NYSE:MNR) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.00.

Several brokerages have recently commented on MNR. Weiss Ratings upgraded shares of Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. KeyCorp reaffirmed a “sector weight” rating on shares of Mach Natural Resources in a research note on Friday, January 16th. Zacks Research lowered shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, Stifel Nicolaus dropped their target price on shares of Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On Mach Natural Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNR. CWM LLC bought a new position in Mach Natural Resources during the third quarter worth about $27,000. Hilton Head Capital Partners LLC acquired a new position in shares of Mach Natural Resources during the 4th quarter worth about $31,000. Cooksen Wealth LLC increased its stake in shares of Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after acquiring an additional 1,230 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Mach Natural Resources in the 4th quarter valued at about $42,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Mach Natural Resources in the 4th quarter valued at approximately $44,000. Institutional investors own 78.36% of the company’s stock.

Mach Natural Resources Price Performance

Mach Natural Resources stock opened at $13.48 on Friday. The business’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $12.34. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 12.03 and a beta of -0.24. Mach Natural Resources has a 12-month low of $10.46 and a 12-month high of $15.91.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.17. Mach Natural Resources had a return on equity of 16.91% and a net margin of 12.16%.The firm had revenue of $387.54 million during the quarter, compared to analysts’ expectations of $357.31 million. As a group, research analysts anticipate that Mach Natural Resources will post 1.95 earnings per share for the current year.

Mach Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 15.7%. This is a boost from Mach Natural Resources’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 26th. Mach Natural Resources’s payout ratio is presently 189.29%.

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.