Mach Natural Resources (NYSE:MNR) Hits New 1-Year Low - Should You Sell?

Key Points

• Mach Natural Resources LP's stock price recently fell to a **52-week low** of $12.20, with a current trading price of $12.23, reflecting ongoing market struggles.
• Despite recent declines, analysts generally remain optimistic, with **two analysts rating** the stock as a **strong buy** and an average price target of **$22.50**.
• The company also announced a quarterly dividend of **$0.38 per share**, resulting in an impressive **12.4% yield**, which signals strong cash returns to shareholders.

Mach Natural Resources LP (NYSE:MNR - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $12.20 and last traded at $12.23, with a volume of 236170 shares. The stock had previously closed at $12.22.

Wall Street Analysts Forecast Growth

MNR has been the topic of several research reports. Northland Capmk raised Mach Natural Resources to a "strong-buy" rating in a report on Monday. Northland Securities set a $21.00 price target on Mach Natural Resources in a report on Tuesday. William Blair initiated coverage on Mach Natural Resources in a report on Monday, August 25th. They issued an "outperform" rating on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Mach Natural Resources in a report on Monday, July 14th. Finally, Wall Street Zen cut Mach Natural Resources from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.50.

Mach Natural Resources Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.45 billion, a PE ratio of 6.30 and a beta of -0.11. The firm's 50-day simple moving average is $13.62 and its two-hundred day simple moving average is $13.99.

Mach Natural Resources (NYSE:MNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.23. Mach Natural Resources had a net margin of 20.83% and a return on equity of 23.23%. The firm had revenue of $288.52 million for the quarter, compared to analysts' expectations of $237.56 million. On average, equities research analysts expect that Mach Natural Resources LP will post 1.95 earnings per share for the current fiscal year.

Mach Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 12.4%. The ex-dividend date was Thursday, August 21st. Mach Natural Resources's payout ratio is presently 78.35%.

Insider Activity at Mach Natural Resources

In related news, Director William Wallace Mcmullen purchased 3,085 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $14.39 per share, for a total transaction of $44,393.15. Following the acquisition, the director directly owned 74,816,024 shares in the company, valued at approximately $1,076,602,585.36. The trade was a 0.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 87.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mach Natural Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Financial Concepts LLC grew its holdings in shares of Mach Natural Resources by 8.3% during the 1st quarter. Strategic Financial Concepts LLC now owns 12,312 shares of the company's stock valued at $191,000 after acquiring an additional 948 shares in the last quarter. Cooksen Wealth LLC grew its holdings in shares of Mach Natural Resources by 87.5% during the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company's stock valued at $38,000 after acquiring an additional 1,230 shares in the last quarter. Novem Group grew its holdings in shares of Mach Natural Resources by 14.3% during the 1st quarter. Novem Group now owns 16,000 shares of the company's stock valued at $249,000 after acquiring an additional 2,000 shares in the last quarter. CWM LLC purchased a new position in shares of Mach Natural Resources during the 3rd quarter valued at $27,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Mach Natural Resources by 20.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 14,754 shares of the company's stock valued at $213,000 after acquiring an additional 2,500 shares in the last quarter. 78.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

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