Mach Natural Resources (MNR) Expected to Announce Quarterly Earnings on Thursday

Mach Natural Resources (NYSE:MNR - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $259.09 million for the quarter.

Mach Natural Resources Stock Up 2.1 %

NYSE:MNR traded up $0.29 on Friday, hitting $13.78. The stock had a trading volume of 176,455 shares, compared to its average volume of 215,160. The stock has a fifty day moving average price of $14.23. Mach Natural Resources has a 1-year low of $12.40 and a 1-year high of $20.96. 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 firm has a market capitalization of $1.63 billion, a PE ratio of 7.25 and a beta of -0.44.

Mach Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.51%. The ex-dividend date was Thursday, February 27th. Mach Natural Resources's dividend payout ratio is presently 105.26%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

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.