Mach Natural Resources LP (NYSE:MNR) Declares $0.27 Quarterly Dividend

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, November 6th. Shareholders of record on Thursday, November 20th will be given a dividend of 0.27 per share on Thursday, December 4th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, November 20th.

Mach Natural Resources has a dividend payout ratio of 68.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mach Natural Resources to earn $2.54 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 59.8%.

Mach Natural Resources Stock Performance

Shares of MNR stock traded down $0.59 during trading on Friday, hitting $11.49. The company’s stock had a trading volume of 310,225 shares, compared to its average volume of 312,669. The company has a market cap of $1.36 billion, a PE ratio of 5.92 and a beta of -0.11. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $12.94 and a 200-day moving average of $13.79. Mach Natural Resources has a 52 week low of $11.50 and a 52 week high of $19.00.

Mach Natural Resources (NYSE:MNR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. The company had revenue of $272.56 million during the quarter, compared to analyst estimates of $243.65 million. Mach Natural Resources had a net margin of 20.83% and a return on equity of 23.23%. As a group, research analysts anticipate that Mach Natural Resources will post 1.95 earnings per share for the current year.

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.