Mach Natural Resources LP (NYSE:MNR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Mach Natural Resources LP has an average analyst rating of "Moderate Buy" from eight firms, with a consensus 12-month price target of $18.50. Ratings are split between four holds, two buys, and two strong buys.
• The company reported Q1 earnings of $0.74 per share, beating estimates of $0.51, but revenue came in below expectations at $286 million versus the $397.61 million forecast.
• Mach Natural Resources also raised its quarterly dividend to $0.64 per share, implying a $2.56 annualized payout and a very high 19.0% yield.

Shares of Mach Natural Resources LP (NYSE:MNR - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.50.

Several equities analysts have issued reports on MNR shares. Wall Street Zen lowered shares of Mach Natural Resources from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Zacks Research lowered shares of Mach Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday. Truist Financial started coverage on shares of Mach Natural Resources in a report on Tuesday, March 24th. They issued a "hold" rating and a $14.00 price target on the stock. Finally, Weiss Ratings lowered shares of Mach Natural Resources from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 18th.

Mach Natural Resources Price Performance

NYSE MNR opened at $13.45 on Friday. The firm's fifty day simple moving average is $13.64 and its two-hundred day simple moving average is $12.60. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. Mach Natural Resources has a 12-month low of $10.46 and a 12-month high of $15.60. The firm has a market capitalization of $2.26 billion, a P/E ratio of 17.46 and a beta of -0.33.

Mach Natural Resources (NYSE:MNR - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.23. Mach Natural Resources had a net margin of 7.46% and a return on equity of 18.46%. The business had revenue of $286.00 million for the quarter, compared to analyst estimates of $397.61 million. Analysts forecast that Mach Natural Resources will post 1.54 EPS for the current fiscal year.

Mach Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.64 dividend. This is an increase from Mach Natural Resources's previous quarterly dividend of $0.53. This represents a $2.56 annualized dividend and a yield of 19.0%. The ex-dividend date of this dividend is Thursday, May 21st. Mach Natural Resources's dividend payout ratio is presently 332.47%.

Insiders Place Their Bets

In other news, Director William Wallace Mcmullen purchased 3,570 shares of the business's stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of $14.00 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director owned 74,854,202 shares of the company's stock, valued at $1,047,958,828. This trade represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tom L. Ward acquired 153,256 shares of the company's stock in a transaction dated Monday, April 13th. The shares were bought at an average cost of $13.05 per share, for a total transaction of $1,999,990.80. Following the completion of the acquisition, the insider directly owned 13,295,039 shares of the company's stock, valued at approximately $173,500,258.95. The trade was a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 163,541 shares of company stock valued at $2,142,861. 87.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mach Natural Resources

A number of large investors have recently made changes to their positions in MNR. Hilton Head Capital Partners LLC purchased a new stake in shares of Mach Natural Resources during the fourth quarter valued at $31,000. Cooksen Wealth LLC grew its holdings in shares of Mach Natural Resources by 87.5% during the second 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 during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Mach Natural Resources during the fourth quarter valued at $42,000. Kestra Advisory Services LLC purchased a new stake in shares of Mach Natural Resources during the fourth quarter valued at $44,000. Finally, CENTRAL TRUST Co grew its holdings in shares of Mach Natural Resources by 384.7% during the first quarter. CENTRAL TRUST Co now owns 4,992 shares of the company's stock valued at $70,000 after buying an additional 3,962 shares during the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

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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