Mach Natural Resources (MNR) Projected to Post Quarterly Earnings on Thursday

Mach Natural Resources (NYSE:MNR - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect Mach Natural Resources to post earnings of $0.65 per share and revenue of $259.09 million for the quarter.

Mach Natural Resources Trading Down 0.8 %

MNR stock traded down $0.11 during mid-day trading on Wednesday, reaching $13.25. The company's stock had a trading volume of 68,295 shares, compared to its average volume of 215,079. Mach Natural Resources has a fifty-two week low of $12.40 and a fifty-two week high of $20.96. The stock has a market cap of $1.57 billion, a PE ratio of 6.98 and a beta of -0.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.24. The company's 50 day moving average price is $14.15.

Mach Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.00 annualized dividend and a dividend yield of 15.10%. Mach Natural Resources's payout ratio is 105.26%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Mach Natural Resources from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Raymond James reiterated a "strong-buy" rating and set a $25.00 price target (up from $23.00) on shares of Mach Natural Resources in a report on Monday, February 10th. Finally, Truist Financial boosted their price objective on shares of Mach Natural Resources from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, January 13th.

Insider Activity at Mach Natural Resources

In related news, Director William Wallace Mcmullen bought 5,161,290 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $79,999,995.00. Following the completion of the acquisition, the director now owns 74,287,410 shares in the company, valued at approximately $1,151,454,855. This trade represents a 7.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 87.80% of the company's stock.

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.