Mach Natural Resources LP (NYSE:MNR) Receives Average Rating of “Moderate Buy” from Analysts

Mach Natural Resources LP (NYSE:MNR) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.20.

MNR has been the topic of several recent analyst reports. Stephens set a $20.00 target price on shares of Mach Natural Resources in a research note on Monday. Raymond James Financial upped their target price on shares of Mach Natural Resources from $18.00 to $19.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Weiss Ratings cut shares of Mach Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Mach Natural Resources from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th.

Mach Natural Resources Price Performance

Shares of MNR stock opened at $13.16 on Friday. The stock’s fifty day simple moving average is $13.28 and its 200 day simple moving average is $12.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.73. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 17.09 and a beta of -0.27. Mach Natural Resources has a one year low of $10.46 and a one year high of $15.58.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.23. Mach Natural Resources had a return on equity of 18.46% and a net margin of 7.46%.The firm had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $397.61 million. On average, analysts expect that Mach Natural Resources will post 1.77 earnings per share for the current fiscal year.

Mach Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.53. This represents a $2.56 annualized dividend and a dividend yield of 19.5%. Mach Natural Resources’s dividend payout ratio (DPR) is 332.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MNR. Hilton Head Capital Partners LLC bought a new stake in Mach Natural Resources during the 4th quarter worth approximately $31,000. Cooksen Wealth LLC increased its holdings in Mach Natural Resources by 87.5% during the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after purchasing an additional 1,230 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Mach Natural Resources during the 4th quarter valued at $42,000. Kestra Advisory Services LLC bought a new position in Mach Natural Resources in the 4th quarter valued at $44,000. Finally, CENTRAL TRUST Co raised its position in Mach Natural Resources by 384.7% in the 1st quarter. CENTRAL TRUST Co now owns 4,992 shares of the company’s stock valued at $70,000 after purchasing an additional 3,962 shares during the last quarter. 78.36% of the stock is owned by institutional investors and hedge funds.

About Mach Natural Resources

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.