Mach Natural Resources (NYSE:MNR – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.
MNR has been the subject of several other reports. Wall Street Zen raised shares of Mach Natural Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Stifel Nicolaus began coverage on shares of Mach Natural Resources in a research report on Thursday, September 10th. They set a “buy” rating and a $15.00 target price on the stock. Weiss Ratings raised shares of Mach Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Citigroup reaffirmed an “outperform” rating on shares of Mach Natural Resources in a research note on Monday, August 10th. Finally, Stephens set a $20.00 price target on Mach Natural Resources in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.83.
Check Out Our Latest Stock Report on MNR
Mach Natural Resources Trading Down 10.5%
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC purchased a new position in Mach Natural Resources during the 4th quarter valued at about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Mach Natural Resources in the 4th quarter valued at about $42,000. CENTRAL TRUST Co lifted its position in shares of Mach Natural Resources by 384.7% in 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 during the period. Alpine Global Management LLC purchased a new stake in shares of Mach Natural Resources in the 4th quarter worth approximately $178,000. Finally, Royal Bank of Canada boosted its stake in shares of Mach Natural Resources by 42.8% during the first quarter. Royal Bank of Canada now owns 13,882 shares of the company’s stock valued at $194,000 after purchasing an additional 4,164 shares in the last quarter. 78.36% of the stock is currently owned by institutional investors.
Mach Natural Resources Company Profile
Mach Natural Resources LP is an independent oil and natural gas company focused on the acquisition, development and operation of producing properties in the Anadarko Basin of western Oklahoma. The company’s operations are concentrated in a resource-rich region with established infrastructure and long-standing oil and gas activity.
Mach Natural Resources’ production includes crude oil, natural gas and natural gas liquids. Its activities span the exploration and development of wells, production operations, and the management of related gathering and infrastructure assets.
Featured Articles
- Five stocks we like better than Mach Natural Resources
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Receive News & Ratings for Mach Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mach Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.
