Mach Natural Resources (NYSE:MNR) Rating Lowered to “Strong Sell” at Zacks Research

Mach Natural Resources (NYSE:MNR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on MNR. Northland Securities set a $20.00 price target on shares of Mach Natural Resources in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mach Natural Resources in a research note on Monday, December 29th. Stifel Nicolaus reduced their target price on shares of Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Finally, Northland Capmk upgraded shares of Mach Natural Resources to a “strong-buy” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, Mach Natural Resources presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Mach Natural Resources Stock Down 0.8%

NYSE:MNR opened at $10.96 on Tuesday. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $19.00. The stock’s fifty day moving average is $11.57 and its two-hundred day moving average is $12.98. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 11.41 and a beta of -0.07. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

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

Institutional Trading of Mach Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC acquired a new position in Mach Natural Resources in the third quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new position in Mach Natural Resources in the 2nd quarter valued at $38,000. Cooksen Wealth LLC raised its position in Mach Natural Resources by 87.5% during the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock worth $38,000 after buying an additional 1,230 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in shares of Mach Natural Resources in the 3rd quarter worth $53,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Mach Natural Resources by 208.5% in the second quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock valued at $120,000 after acquiring an additional 5,611 shares in the last quarter. Hedge funds and other 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.