Mach Natural Resources (MNR) Projected to Post Quarterly Earnings on Thursday

Mach Natural Resources (NYSE:MNR) will likely be announcing its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $259.09 million for the quarter.

Mach Natural Resources Stock Performance

NYSE:MNR opened at $13.32 on Wednesday. The stock’s 50-day moving average is $14.15. The company has a market cap of $1.58 billion, a P/E ratio of 7.01 and a beta of -0.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.24. Mach Natural Resources has a 52-week low of $12.40 and a 52-week high of $20.96.

Mach Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.00 annualized dividend and a yield of 15.02%. Mach Natural Resources’s dividend payout ratio is 105.26%.

Analyst Upgrades and Downgrades

MNR has been the subject of a number of research reports. Truist Financial raised their price objective on Mach Natural Resources from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Raymond James reissued a “strong-buy” rating and set a $25.00 price objective (up from $23.00) on shares of Mach Natural Resources in a report on Monday, February 10th. Finally, Stifel Nicolaus increased their price target on Mach Natural Resources from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 7th.

Insider Activity at Mach Natural Resources

In related news, Director William Wallace Mcmullen purchased 5,161,290 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $15.50 per share, with a total value of $79,999,995.00. Following the completion of the acquisition, the director now directly owns 74,287,410 shares in the company, valued at approximately $1,151,454,855. This trade represents a 7.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 87.80% of the stock is currently owned by company insiders.

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.