Mach Natural Resources LP (NYSE:MNR) Receives $20.00 Consensus Target Price from Analysts

Shares of Mach Natural Resources LP (NYSE:MNR) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.00.

MNR has been the subject of a number of research analyst reports. KeyCorp reissued a “sector weight” rating on shares of Mach Natural Resources in a research report on Friday, January 16th. Stifel Nicolaus cut their price objective on Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Mach Natural Resources in a research note on Monday, December 29th. Northland Securities set a $20.00 price target on Mach Natural Resources in a research report on Monday, November 10th. Finally, Zacks Research lowered Mach Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th.

Mach Natural Resources Stock Down 0.3%

Shares of Mach Natural Resources stock opened at $11.69 on Friday. Mach Natural Resources has a 12-month low of $10.46 and a 12-month high of $18.10. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $12.71. The stock has a market capitalization of $1.97 billion, a P/E ratio of 12.18 and a beta of -0.07.

Mach Natural Resources (NYSE:MNR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Mach Natural Resources had a net margin of 10.40% and a return on equity of 19.47%. The business had revenue of $272.56 million during the quarter, compared to analysts’ expectations of $243.65 million. Equities analysts expect that Mach Natural Resources will post 1.95 earnings per share for the current year.

Mach Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 9.2%. The ex-dividend date was Thursday, November 20th. Mach Natural Resources’s dividend payout ratio is presently 112.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kayne Anderson Capital Advisors LP bought a new stake in shares of Mach Natural Resources in the third quarter valued at about $252,892,000. Goldman Sachs Group Inc. raised its holdings in Mach Natural Resources by 120.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company’s stock valued at $59,320,000 after acquiring an additional 2,084,511 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Mach Natural Resources by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 2,578,929 shares of the company’s stock worth $37,240,000 after acquiring an additional 100,574 shares during the period. ING Groep NV lifted its position in shares of Mach Natural Resources by 85.4% in the 3rd quarter. ING Groep NV now owns 827,000 shares of the company’s stock worth $10,900,000 after acquiring an additional 381,000 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Mach Natural Resources during the 3rd quarter worth approximately $7,926,000. Institutional investors own 78.36% of the company’s stock.

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.