KeyCorp Issues Pessimistic Estimate for MNR Earnings

Mach Natural Resources LP (NYSE:MNR) – Research analysts at KeyCorp cut their Q2 2026 earnings per share estimates for shares of Mach Natural Resources in a research report issued to clients and investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now expects that the company will post earnings of $0.37 per share for the quarter, down from their previous forecast of $0.46. The consensus estimate for Mach Natural Resources’ current full-year earnings is $1.54 per share.

MNR has been the topic of several other research reports. Zacks Research downgraded shares of Mach Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen downgraded shares of Mach Natural Resources from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings downgraded shares of Mach Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Truist Financial began coverage on shares of Mach Natural Resources in a research report on Tuesday, March 24th. They set a “hold” rating and a $14.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Mach Natural Resources Stock Up 2.3%

Shares of NYSE:MNR opened at $13.75 on Friday. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $15.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.73 and a current ratio of 0.83. The company’s fifty day moving average is $13.60 and its 200-day moving average is $12.66. The company has a market capitalization of $2.31 billion, a PE ratio of 17.85 and a beta of -0.32.

Mach Natural Resources (NYSE:MNR) last issued its earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.51 by $0.23. Mach Natural Resources had a net margin of 7.46% and a return on equity of 18.46%. The company had revenue of $286.00 million for the quarter, compared to the consensus estimate of $397.61 million.

Mach Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 18.6%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.53. Mach Natural Resources’s dividend payout ratio (DPR) is currently 332.47%.

Insiders Place Their Bets

In other news, insider Tom L. Ward bought 153,256 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was acquired at an average cost of $13.05 per share, with a total value of $1,999,990.80. Following the completion of the purchase, the insider owned 13,295,039 shares of the company’s stock, valued at $173,500,258.95. This represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder General Partner S.A R.L. Ikav sold 5,557,679 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $12.81, for a total transaction of $71,193,867.99. Following the completion of the transaction, the insider directly owned 4,259,110 shares of the company’s stock, valued at $54,559,199.10. This represents a 56.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought a total of 163,541 shares of company stock valued at $2,142,861 in the last quarter. 87.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mach Natural Resources

Several hedge funds have recently added to or reduced their stakes in the business. Cooksen Wealth LLC lifted its holdings in shares of Mach Natural Resources by 87.5% during the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock worth $38,000 after buying an additional 1,230 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Mach Natural Resources in the fourth quarter worth $31,000. Stifel Financial Corp increased its position in shares of Mach Natural Resources by 1.5% in the fourth quarter. Stifel Financial Corp now owns 231,999 shares of the company’s stock worth $2,561,000 after purchasing an additional 3,472 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Mach Natural Resources in the fourth quarter worth $42,000. Finally, CENTRAL TRUST Co increased its position in shares of Mach Natural Resources by 384.7% in the first 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. Institutional investors and hedge funds own 78.36% of the company’s stock.

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.