Mach Natural Resources (NYSE:MNR – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a research note issued on Thursday, Benzinga reports. They presently have a $15.00 target price on the stock. Stifel Nicolaus’ target price indicates a potential upside of 18.54% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the stock. Capital One Financial began coverage on shares of Mach Natural Resources in a research report on Friday, September 4th. They set an “overweight” rating and a $16.00 price objective for the company. 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. Stephens set a $20.00 price target on Mach Natural Resources in a research report on Monday, July 13th. Wall Street Zen upgraded Mach Natural Resources from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Northland Securities set a $17.00 price objective on Mach Natural Resources in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mach Natural Resources has a consensus rating of “Moderate Buy” and an average price target of $16.83.
Check Out Our Latest Stock Analysis on MNR
Mach Natural Resources Trading Down 0.4%
Institutional Investors Weigh In On Mach Natural Resources
Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in shares of Mach Natural Resources by 120.5% in the 1st 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 during the last quarter. First Trust Advisors LP acquired a new position in Mach Natural Resources in the 2nd quarter valued at $7,630,000. Jane Street Group LLC purchased a new position in Mach Natural Resources during the 2nd quarter worth $1,931,000. Cooksen Wealth LLC lifted its stake 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 worth $38,000 after acquiring an additional 1,230 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Mach Natural Resources by 208.5% during the second quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock worth $120,000 after acquiring an additional 5,611 shares during the period. Institutional investors and hedge funds own 78.36% of the company’s stock.
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.
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