Analysts Set Mach Natural Resources LP (NYSE:MNR) Price Target at $18.20

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

MNR has been the topic of a number of recent research reports. Raymond James Financial upped their price target on shares of Mach Natural Resources from $18.00 to $19.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of Mach Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Wall Street Zen cut shares of Mach Natural Resources from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Stephens set a $20.00 target price on shares of Mach Natural Resources in a report on Monday, July 13th. Finally, Zacks Research downgraded Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th.

Mach Natural Resources Price Performance

NYSE MNR opened at $13.43 on Friday. The company has a market cap of $2.26 billion, a PE ratio of 17.44 and a beta of -0.27. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $15.58. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $13.19 and its two-hundred day simple moving average is $12.97.

Mach Natural Resources (NYSE:MNR) last issued its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.23. The firm had revenue of $286.00 million during the quarter, compared to analyst estimates of $397.61 million. Mach Natural Resources had a net margin of 7.46% and a return on equity of 18.46%. Research analysts predict that Mach Natural Resources will post 1.73 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, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 19.1%. The ex-dividend date was Thursday, May 21st. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.53. Mach Natural Resources’s dividend payout ratio is presently 332.47%.

Institutional Investors Weigh In On Mach Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in Mach Natural Resources in the 4th quarter worth approximately $31,000. Cooksen Wealth LLC lifted its stake in Mach Natural Resources by 87.5% during the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock worth $38,000 after purchasing an additional 1,230 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Mach Natural Resources in the 4th quarter worth approximately $42,000. Kestra Advisory Services LLC purchased a new stake in Mach Natural Resources in the fourth quarter worth approximately $44,000. Finally, CENTRAL TRUST Co boosted its stake in Mach Natural Resources by 384.7% in the first quarter. CENTRAL TRUST Co now owns 4,992 shares of the company’s stock worth $70,000 after buying an additional 3,962 shares in the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

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.