Mach Natural Resources (NYSE:MNR) Raised to “Buy” at Wall Street Zen

Mach Natural Resources (NYSE:MNR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. Raymond James Financial boosted their target price on Mach Natural Resources from $18.00 to $19.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 14th. Citigroup reiterated an “outperform” rating on shares of Mach Natural Resources in a research report on Monday, August 10th. Stephens set a $20.00 price objective on shares of Mach Natural Resources in a research note on Monday, July 13th. Zacks Research raised shares of Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Mach Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Mach Natural Resources Trading Up 0.0%

NYSE MNR opened at $13.01 on Friday. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $15.02. The stock has a 50-day simple moving average of $13.00 and a 200 day simple moving average of $13.21. The company has a current ratio of 0.88, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2.17 billion, a PE ratio of 22.05 and a beta of -0.31.

Institutional Investors Weigh In On Mach Natural Resources

Several large investors have recently modified their holdings of MNR. Hilton Head Capital Partners LLC acquired a new stake in shares of Mach Natural Resources during the fourth quarter worth about $31,000. Cooksen Wealth LLC grew its position in shares of Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after purchasing an additional 1,230 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Mach Natural Resources in the 4th quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in shares of Mach Natural Resources in the 4th quarter valued at approximately $44,000. Finally, CENTRAL TRUST Co increased its stake in Mach Natural Resources by 384.7% during the 1st quarter. CENTRAL TRUST Co now owns 4,992 shares of the company’s stock worth $70,000 after purchasing an additional 3,962 shares in the last quarter. 78.36% of the stock is currently owned by institutional investors.

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.