Mach Natural Resources (NYSE:MNR) Stock Rating Upgraded by Zacks Research

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

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Mach Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Stephens set a $20.00 target price on shares of Mach Natural Resources in a report on Monday, July 13th. Northland Securities set a $17.00 target price on Mach Natural Resources in a research note on Monday. Wall Street Zen downgraded Mach Natural Resources from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Raymond James Financial upped their price target on Mach Natural Resources from $18.00 to $19.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Mach Natural Resources Stock Down 0.4%

Shares of NYSE MNR opened at $13.10 on Tuesday. The firm’s fifty day moving average is $13.03 and its 200 day moving average is $13.19. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $15.02. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 22.20 and a beta of -0.31.

Institutional Investors Weigh In On Mach Natural Resources

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

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.