Mach Natural Resources (NYSE:MNR) Raised to Hold at Zacks Research

Mach Natural Resources (NYSE:MNR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also commented on MNR. Weiss Ratings raised Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Stifel Nicolaus reduced their target price on Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Mach Natural Resources in a research note on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Mach Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Mach Natural Resources Stock Up 2.1%

NYSE:MNR opened at $13.77 on Monday. The business’s fifty day moving average price is $12.42 and its 200 day moving average price is $12.35. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.30 and a beta of -0.24. Mach Natural Resources has a 1-year low of $10.46 and a 1-year high of $15.91. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.17. The business had revenue of $387.54 million for the quarter, compared to the consensus estimate of $357.31 million. Mach Natural Resources had a net margin of 12.16% and a return on equity of 16.91%. On average, sell-side analysts forecast that Mach Natural Resources will post 1.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Mach Natural Resources in the fourth quarter valued at approximately $42,000. Alpine Global Management LLC bought a new position in shares of Mach Natural Resources during the 4th quarter worth approximately $178,000. Invesco Ltd. lifted its stake in shares of Mach Natural Resources by 34.0% during the 4th quarter. Invesco Ltd. now owns 187,723 shares of the company’s stock worth $2,072,000 after buying an additional 47,626 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Mach Natural Resources by 9.7% during the fourth quarter. Empowered Funds LLC now owns 64,749 shares of the company’s stock worth $715,000 after purchasing an additional 5,734 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Mach Natural Resources during the fourth quarter worth $121,000. 78.36% of the stock is owned by institutional investors and hedge funds.

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.