Brokerages Set Mach Natural Resources LP (NYSE:MNR) Price Target at $22.25

by · The Markets Daily

Shares of Mach Natural Resources LP (NYSE:MNR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.25.

A number of research analysts have recently weighed in on MNR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Mach Natural Resources in a research note on Monday, December 29th. Northland Capmk raised Mach Natural Resources to a “strong-buy” rating in a research note on Monday, October 13th. Zacks Research upgraded Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Northland Securities set a $20.00 price target on Mach Natural Resources in a research note on Monday, November 10th.

Get Our Latest Research Report on Mach Natural Resources

Hedge Funds Weigh In On Mach Natural Resources

Several institutional investors and hedge funds have recently made changes to their positions in MNR. CWM LLC acquired a new stake in Mach Natural Resources during the 3rd quarter worth $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Mach Natural Resources in the second quarter worth about $38,000. Cooksen Wealth LLC raised its position in shares of 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 period. Arlington Trust Co LLC acquired a new stake in shares of Mach Natural Resources during the third quarter worth about $53,000. Finally, State of Wyoming bought a new position in shares of Mach Natural Resources during the 1st quarter valued at about $108,000. Institutional investors and hedge funds own 78.36% of the company’s stock.

Mach Natural Resources Trading Up 1.8%

Shares of NYSE MNR opened at $11.24 on Tuesday. Mach Natural Resources has a 1-year low of $10.93 and a 1-year high of $19.00. The company has a market cap of $1.89 billion, a PE ratio of 11.70 and a beta of -0.07. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $11.75 and a two-hundred day moving average of $13.20.

Mach Natural Resources (NYSE:MNR – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Mach Natural Resources had a return on equity of 19.47% and a net margin of 10.40%.The firm had revenue of $272.56 million during the quarter, compared to analyst estimates of $243.65 million. As a group, equities analysts expect that Mach Natural Resources will post 1.95 earnings per share for the current fiscal year.

Mach Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Thursday, November 20th. Mach Natural Resources’s dividend payout ratio is presently 112.50%.

About Mach Natural Resources

(Get Free Report)

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.

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