Mach Natural Resources (NYSE:MNR) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Wall Street Zen upgraded Mach Natural Resources from a "hold" to a Buy, joining a mixed analyst set whose consensus rating is "Moderate Buy" with a $20 consensus target price.
• Mach reported a quarter-beating quarter—EPS $0.43 vs. $0.26 expected and revenue $387.5M vs. $357.3M—while analysts forecast $1.95 EPS for the year.
• The stock trades around $13.85 with a 52-week range of $10.46–$15.91, a market cap of $2.33B and P/E of 12.36, and is heavily institutionally owned (78.36%) with large stakes from firms like Kayne Anderson and Goldman Sachs.

Mach Natural Resources (NYSE:MNR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Mach Natural Resources in a research note on Friday, January 16th. Weiss Ratings raised shares of Mach Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. Zacks Research raised shares of Mach Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Mach Natural Resources from $22.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.00.

Mach Natural Resources Price Performance

Shares of MNR stock opened at $13.85 on Friday. Mach Natural Resources has a 52-week low of $10.46 and a 52-week high of $15.91. The firm has a market capitalization of $2.33 billion, a P/E ratio of 12.36 and a beta of -0.24. The stock has a 50 day moving average price of $12.54 and a 200 day moving average price of $12.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.05.

Mach Natural Resources (NYSE:MNR - Get Free Report) last issued its earnings results on Thursday, March 12th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.17. The business had revenue of $387.54 million for the quarter, compared to the consensus estimate of $357.31 million. Mach Natural Resources had a net margin of 12.16% and a return on equity of 16.91%. As a group, sell-side analysts predict that Mach Natural Resources will post 1.95 earnings per share for the current year.

Institutional Investors Weigh In On Mach Natural Resources

Institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP purchased a new stake in Mach Natural Resources in the third quarter valued at about $252,892,000. Goldman Sachs Group Inc. grew its stake in shares of Mach Natural Resources by 120.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company's stock worth $59,320,000 after acquiring an additional 2,084,511 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Mach Natural Resources during the third quarter valued at about $7,926,000. First Trust Advisors LP purchased a new position in shares of Mach Natural Resources in the 2nd quarter valued at approximately $7,630,000. Finally, Clear Street Group Inc. purchased a new position in shares of Mach Natural Resources in the 3rd quarter valued at approximately $5,638,000. 78.36% of the stock is currently owned by institutional investors and hedge funds.

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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