Mach Natural Resources (NYSE:MNR) Announces Earnings Results, Beats Expectations By $0.17 EPS

Mach Natural Resources (NYSE:MNR) released its quarterly earnings data on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17, Zacks reports. Mach Natural Resources had a return on equity of 19.47% and a net margin of 10.40%.The firm had revenue of $387.54 million during the quarter, compared to analysts’ expectations of $357.31 million.

Mach Natural Resources Stock Up 0.4%

Shares of MNR traded up $0.06 during trading hours on Friday, hitting $13.49. 273,894 shares of the company were exchanged, compared to its average volume of 334,574. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.00. The company has a market cap of $2.27 billion, a PE ratio of 14.05 and a beta of -0.24. The firm’s 50 day moving average is $12.21 and its 200-day moving average is $12.37. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $15.91.

Mach Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th were given a $0.53 dividend. This is an increase from Mach Natural Resources’s previous quarterly dividend of $0.27. This represents a $2.12 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date of this dividend was Thursday, February 26th. Mach Natural Resources’s payout ratio is presently 220.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MNR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mach Natural Resources in a research note on Monday, December 29th. KeyCorp restated a “sector weight” rating on shares of Mach Natural Resources in a report on Friday, January 16th. Stifel Nicolaus cut 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 report on Tuesday, January 6th. Finally, Zacks Research cut shares of Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Institutional Investors Weigh In On Mach Natural Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cooksen Wealth LLC grew its stake in shares of Mach Natural Resources by 87.5% in the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock worth $38,000 after acquiring an additional 1,230 shares during the last quarter. Stifel Financial Corp raised its stake in Mach Natural Resources by 1.5% during the 4th quarter. Stifel Financial Corp now owns 231,999 shares of the company’s stock valued at $2,561,000 after purchasing an additional 3,472 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Mach Natural Resources in the 4th quarter valued at $44,000. Pin Oak Investment Advisors Inc. boosted its holdings in Mach Natural Resources by 2.0% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 241,499 shares of the company’s stock valued at $2,666,000 after purchasing an additional 4,797 shares during the period. Finally, Osaic Holdings Inc. grew its position in Mach Natural Resources by 208.5% in the 2nd quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock worth $120,000 after purchasing an additional 5,611 shares during the last quarter. 78.36% of the stock is currently owned by institutional investors and hedge funds.

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. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.