Mach Natural Resources LP (NYSE:MNR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Mach Natural Resources LP (NYSE:MNR) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.8333.

MNR has been the topic of several recent analyst reports. Stifel Nicolaus assumed coverage on shares of Mach Natural Resources in a research report on Thursday. They set a “buy” rating and a $15.00 price objective on the stock. Weiss Ratings raised shares of Mach Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Raymond James Financial increased their price target on Mach Natural Resources from $18.00 to $19.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Capital One Financial initiated coverage on Mach Natural Resources in a report on Friday, September 4th. They set an “overweight” rating and a $16.00 price target on the stock. Finally, Stephens set a $20.00 price objective on Mach Natural Resources in a research report on Monday, July 13th.

Mach Natural Resources Price Performance

NYSE MNR opened at $12.59 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $15.02. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 21.34 and a beta of -0.32. The company’s 50 day moving average is $12.93 and its two-hundred day moving average is $13.23.

Mach Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.36 per share. The ex-dividend date was Monday, August 17th. This represents a $1.44 annualized dividend and a dividend yield of 11.4%. Mach Natural Resources’s dividend payout ratio (DPR) is currently 244.07%.

Institutional Inflows and Outflows

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

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.