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

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

A number of analysts have recently commented on MNR shares. Zacks Research lowered shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Stifel Nicolaus cut their price target on shares of Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Northland Securities set a $20.00 price objective on shares of Mach Natural Resources in a research note on Monday, November 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Mach Natural Resources in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Mach Natural Resources in a report on Monday, December 29th.

Mach Natural Resources Stock Up 0.7%

Shares of Mach Natural Resources stock opened at $13.67 on Wednesday. The firm has a market cap of $2.30 billion, a PE ratio of 14.23 and a beta of -0.09. The business’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $12.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.00. Mach Natural Resources has a 52-week low of $10.46 and a 52-week high of $16.34.

Mach Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, February 26th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 15.5%. This is an increase from Mach Natural Resources’s previous quarterly dividend of $0.27. Mach Natural Resources’s dividend payout ratio (DPR) is currently 112.50%.

Hedge Funds Weigh In On Mach Natural Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP bought a new stake in Mach Natural Resources during the third quarter worth $252,892,000. Goldman Sachs Group Inc. increased 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. CIBC Bancorp USA Inc. bought a new stake in shares of Mach Natural Resources in the 3rd quarter valued at about $7,926,000. First Trust Advisors LP acquired a new stake in Mach Natural Resources in the 2nd quarter valued at about $7,630,000. Finally, Clear Street Group Inc. bought a new position in Mach Natural Resources during the third quarter worth about $5,638,000. 78.36% of the stock is currently owned by institutional investors and hedge funds.

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.