Shares of Mach Natural Resources LP (NYSE:MNR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.50.
MNR has been the topic of a number of recent research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Mach Natural Resources in a report on Monday, July 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Mach Natural Resources in a report on Wednesday, October 8th. Zacks Research lowered shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a report on Monday. Northland Capmk upgraded shares of Mach Natural Resources to a “strong-buy” rating in a report on Monday. Finally, William Blair began coverage on shares of Mach Natural Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock.
Check Out Our Latest Research Report on Mach Natural Resources
Insider Transactions at Mach Natural Resources
Institutional Investors Weigh In On Mach Natural Resources
Several hedge funds and other institutional investors have recently bought and sold shares of MNR. Goldman Sachs Group Inc. increased its stake in Mach Natural Resources by 120.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company’s stock valued at $59,320,000 after purchasing an additional 2,084,511 shares in the last quarter. First Trust Advisors LP bought a new stake in Mach Natural Resources in the second quarter valued at $7,630,000. American Century Companies Inc. increased its stake in Mach Natural Resources by 10.9% in the first quarter. American Century Companies Inc. now owns 2,478,355 shares of the company’s stock valued at $38,538,000 after purchasing an additional 244,020 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in Mach Natural Resources in the second quarter valued at $3,487,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Mach Natural Resources in the first quarter valued at $3,349,000. 78.36% of the stock is owned by institutional investors.
Mach Natural Resources Price Performance
Shares of NYSE:MNR opened at $12.23 on Thursday. The firm has a market cap of $1.45 billion, a PE ratio of 6.30 and a beta of -0.11. The firm’s fifty day moving average is $13.62 and its 200-day moving average is $13.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.69 and a current ratio of 0.79. Mach Natural Resources has a 52 week low of $12.20 and a 52 week high of $19.00.
Mach Natural Resources (NYSE:MNR – Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.23. The company had revenue of $288.52 million for the quarter, compared to analyst estimates of $237.56 million. Mach Natural Resources had a net margin of 20.83% and a return on equity of 23.23%. Sell-side analysts predict that Mach Natural Resources will post 1.95 earnings per share for the current year.
Mach Natural Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.38 dividend. The ex-dividend date was Thursday, August 21st. This represents a $1.52 annualized dividend and a yield of 12.4%. Mach Natural Resources’s payout ratio is presently 78.35%.
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.
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