Mach Natural Resources (NYSE:MNR) Receives “Buy” Rating from Stifel Nicolaus

Mach Natural Resources (NYSE:MNR)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $15.00 price objective on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 18.54% from the stock’s previous close.

A number of other brokerages have also recently issued reports on MNR. Capital One Financial initiated coverage on shares of Mach Natural Resources in a report on Friday, September 4th. They issued an “overweight” rating and a $16.00 target price for the company. Citigroup reissued an “outperform” rating on shares of Mach Natural Resources in a research note on Monday, August 10th. Raymond James Financial upped their price target on Mach Natural Resources from $18.00 to $19.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. Northland Securities set a $17.00 price objective on Mach Natural Resources in a research note on Monday, August 10th. Finally, Stephens set a $20.00 price objective on Mach Natural Resources in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.83.

Mach Natural Resources Stock Down 0.4%

MNR stock opened at $12.65 on Thursday. The company has a market cap of $2.11 billion, a P/E ratio of 21.45 and a beta of -0.32. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $15.02. The company’s 50-day moving average price is $12.93 and its 200 day moving average price is $13.23. The company has a current ratio of 0.88, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63.

Institutional Trading of Mach Natural Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNR. Goldman Sachs Group Inc. boosted its stake in shares of Mach Natural Resources by 120.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company’s stock worth $59,320,000 after purchasing an additional 2,084,511 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Mach Natural Resources during the second quarter worth about $7,630,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Mach Natural Resources in the second quarter valued at approximately $3,064,000. &PARTNERS lifted its stake in shares of Mach Natural Resources by 454.1% during the fourth quarter. &PARTNERS now owns 270,833 shares of the company’s stock valued at $2,980,000 after buying an additional 221,958 shares during the period. Finally, ING Groep NV lifted its stake in shares of Mach Natural Resources by 23.1% during the fourth quarter. ING Groep NV now owns 1,018,000 shares of the company’s stock valued at $11,239,000 after buying an additional 191,000 shares during the period. Hedge funds and other institutional investors own 78.36% of the company’s stock.

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.