Mach Natural Resources LP (MNR)

Market Cap	1.70B
Revenue (ttm)	873.77M
Net Income (ttm)	-35.81M
Shares Out	103.49M
EPS (ttm)	-0.35
PE Ratio	n/a
Forward PE	6.08
Dividend	$3.60 (21.88%)
Ex-Dividend Date	Aug 27, 2024

Volume	131,060
Open	16.38
Previous Close	16.25
Day's Range	16.32 - 16.63
52-Week Range	14.40 - 21.19
Beta	n/a
Analysts	Strong Buy
Price Target	25.50 (+55.02%)
Earnings Date	Nov 12, 2024

About MNR

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.

• Industry: Oil & Gas Exploration & Production
• Sector: Energy
• IPO Date: Oct 25, 2023
• Employees: 444
• Stock Exchange: NYSE
• Ticker Symbol: MNR
• Website: https://www.machnr.com

Financial Performance

In 2023, Mach Natural Resources LP's revenue was $673.16 million, a decrease of -29.66% compared to the previous year's $957.04 million. Earnings were $68.52 million, a decrease of -86.74%.

Analyst Forecast

According to 2 analysts, the average rating for MNR stock is "Strong Buy." The 12-month stock price forecast is $25.5, which is an increase of 55.02% from the latest price.

Price Target

$25.5

(55.02% upside)

Analyst Consensus: Strong Buy