Mach Natural Resources LP (NYSE:MNR) Shares Set to Pay Quarterly Dividend of $0.22

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be given a dividend of $0.22 per share on Monday, November 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, November 16th. This is a 38.9% decrease from Mach Natural Resources’s previous quarterly dividend of $0.36.

Mach Natural Resources has a payout ratio of 64.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Mach Natural Resources to earn $1.41 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 102.1%.

Mach Natural Resources Price Performance

Shares of MNR opened at $9.96 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.88. The stock has a market cap of $1.66 billion, a PE ratio of 5.04 and a beta of -0.23. The firm’s 50-day simple moving average is $11.10 and its two-hundred day simple moving average is $12.61. Mach Natural Resources has a fifty-two week low of $9.87 and a fifty-two week high of $15.02.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Mach Natural Resources had a return on equity of 16.06% and a net margin of 7.44%. The business had revenue of $319.24 million during the quarter, compared to analysts’ expectations of $352.43 million. Analysts anticipate that Mach Natural Resources will post 1.84 earnings per share for the current fiscal year.

About Mach Natural Resources

Mach Natural Resources LP is an independent oil and natural gas company focused on the acquisition, development and production of oil, natural gas and natural gas liquids. The company’s operations are concentrated in the Anadarko Basin of the Mid-Continent region.

Mach’s assets are primarily located in Western Oklahoma, with additional interests in surrounding areas of the Anadarko Basin, including parts of the Texas Panhandle and southern Kansas. Its activities include drilling and completing wells, operating producing properties and managing associated gathering and processing infrastructure.

The company was formed by Mach Resources and its affiliates and became a publicly traded limited partnership in 2023.