Mach Natural Resources LP (NYSE:MNR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Mach Natural Resources has a consensus “Moderate Buy” rating from nine brokerages, with four holds, three buys, and two strong buys. The average 12-month price target is $17.33 versus the reported share price of $12.59.
• Institutional investors own 78.36% of the company, while several firms recently initiated or increased positions in the stock.
• The company recently paid a quarterly dividend of $0.36 per share, equivalent to an annualized $1.44 dividend and an 11.4% yield; however, its payout ratio is elevated at 244.07%.

Mach Natural Resources LP (NYSE:MNR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the company, MarketBeat reports. Four 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 1-year price target among brokers that have issued ratings on the stock in the last year is $17.3333.

A number of equities research analysts recently issued reports on the stock. Citigroup reiterated an "outperform" rating on shares of Mach Natural Resources in a report on Monday, August 10th. Capital One Financial assumed coverage on Mach Natural Resources in a research report on Friday. They issued an "overweight" rating and a $16.00 price target for the company. Northland Securities set a $17.00 price target on Mach Natural Resources in a research note on Monday, August 10th. Wall Street Zen raised Mach Natural Resources from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, Zacks Research raised Mach Natural Resources from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th.

Hedge Funds Weigh In On Mach Natural Resources

A number of institutional investors have recently modified their holdings of MNR. Hilton Head Capital Partners LLC bought a new stake in shares of Mach Natural Resources during the 4th quarter worth $31,000. Cooksen Wealth LLC raised its holdings in Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company's stock worth $38,000 after acquiring an additional 1,230 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Mach Natural Resources in the 4th quarter worth $42,000. Kestra Advisory Services LLC acquired a new position in Mach Natural Resources during the 4th quarter worth $44,000. Finally, CENTRAL TRUST Co lifted its position in Mach Natural Resources by 384.7% during the 1st quarter. CENTRAL TRUST Co now owns 4,992 shares of the company's stock worth $70,000 after acquiring an additional 3,962 shares during the last quarter. Institutional investors own 78.36% of the company's stock.

Mach Natural Resources Stock Up 0.1%

Mach Natural Resources stock opened at $12.59 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of 21.34 and a beta of -0.32. The firm's fifty day simple moving average is $12.93 and its 200-day simple moving average is $13.25. 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 1-year low of $10.46 and a 1-year high of $15.02.

Mach Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.44 dividend on an annualized basis and a yield of 11.4%. Mach Natural Resources's dividend payout ratio is presently 244.07%.

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.

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