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

Mach Natural Resources (NYSE:MNR) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes 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 Trading Down 3.0 %

Shares of MNR opened at $13.40 on Tuesday. 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 stock has a market cap of $1.59 billion, a price-to-earnings ratio of 7.05 and a beta of -0.44. Mach Natural Resources has a 12 month low of $12.40 and a 12 month high of $20.96. The firm’s fifty day simple moving average is $14.18.

Mach Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 14.93%. The ex-dividend date was Thursday, February 27th. Mach Natural Resources’s dividend payout ratio (DPR) is presently 105.26%.

Insider Activity

In other news, Director William Wallace Mcmullen bought 5,161,290 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $15.50 per share, with a total value of $79,999,995.00. Following the completion of the transaction, the director now directly owns 74,287,410 shares in the company, valued at $1,151,454,855. This trade represents a 7.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 87.80% of the company’s stock.

Analyst Ratings Changes

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

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.