Mach Natural Resources (NYSE:MNR) Hits New 1-Year Low – Here’s What Happened

Mach Natural Resources LP (NYSE:MNR)’s stock price reached a new 52-week low on Monday . The stock traded as low as $10.89 and last traded at $10.9750, with a volume of 124237 shares trading hands. The stock had previously closed at $11.25.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MNR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mach Natural Resources in a research report on Monday, December 29th. Zacks Research raised Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Northland Capmk upgraded Mach Natural Resources to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Northland Securities set a $20.00 price target on shares of Mach Natural Resources in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Mach Natural Resources Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.00. The stock has a market cap of $1.88 billion, a P/E ratio of 11.65 and a beta of -0.07. The stock has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $13.18.

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

Mach Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $1.08 annualized dividend and a yield of 9.7%. Mach Natural Resources’s dividend payout ratio is currently 112.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC bought a new position in Mach Natural Resources in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in Mach Natural Resources in the second quarter worth $38,000. Cooksen Wealth LLC increased its position in Mach Natural Resources by 87.5% in the 2nd 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 in the last quarter. Arlington Trust Co LLC bought a new stake in shares of Mach Natural Resources during the third quarter valued at approximately $53,000. Finally, State of Wyoming acquired a new position in Mach Natural Resources during the first quarter worth $108,000. 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.