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

Key Points

• Analysts give Mach Natural Resources a “Moderate Buy” consensus, with nine analysts setting an average 12-month price target of $17.60 versus the stock’s $13.19 opening price.
• Institutional investors and hedge funds own 78.36% of MNR, while several funds recently increased their positions or initiated new stakes.
• Mach Natural Resources declared a quarterly dividend of $0.36, equivalent to $1.44 annually and a 10.9% yield; however, its payout ratio is exceptionally high at 433.9%.

Shares of Mach Natural Resources LP (NYSE:MNR - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.60.

A number of research firms recently weighed in on MNR. Stephens set a $20.00 price target on Mach Natural Resources in a research note on Monday, July 13th. Northland Securities set a $17.00 price objective on Mach Natural Resources in a report on Monday. Wall Street Zen lowered Mach Natural Resources from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Raymond James Financial increased their target price on Mach Natural Resources from $18.00 to $19.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 14th. Finally, Citigroup reissued an "outperform" rating on shares of Mach Natural Resources in a research report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MNR. Cooksen Wealth LLC raised its holdings in shares of 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 last quarter. Hilton Head Capital Partners LLC bought a new position in Mach Natural Resources in the 4th quarter valued at about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Mach Natural Resources during the 4th quarter valued at about $42,000. Kestra Advisory Services LLC bought a new stake in Mach Natural Resources during the 4th quarter worth approximately $44,000. Finally, CENTRAL TRUST Co increased its holdings 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 purchasing an additional 3,962 shares in the last quarter. 78.36% of the stock is currently owned by institutional investors and hedge funds.

Mach Natural Resources Stock Performance

Shares of MNR opened at $13.19 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.73. The stock has a 50-day moving average of $13.03 and a 200-day moving average of $13.17. The company has a market cap of $2.20 billion, a PE ratio of 22.36 and a beta of -0.31. Mach Natural Resources has a one year low of $10.46 and a one year high of $15.02.

Mach Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, August 17th. Mach Natural Resources's dividend payout ratio (DPR) is 433.90%.

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.

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