Stifel Nicolaus Sticks to Its Buy Rating for Mach Natural Resources LP (MNR)

In a report released today, Selman Akyol from Stifel Nicolaus maintained a Buy rating on Mach Natural Resources LP, with a price target of $22.00. The company’s shares closed yesterday at $13.67.

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Akyol covers the Energy sector, focusing on stocks such as Williams Co, Kodiak Gas Services, Inc., and Kinder Morgan. According to TipRanks, Akyol has an average return of 10.6% and a 65.90% success rate on recommended stocks.

Mach Natural Resources LP has an analyst consensus of Strong Buy, with a price target consensus of $19.50.

The company has a one-year high of $19.00 and a one-year low of $12.40. Currently, Mach Natural Resources LP has an average volume of 300.3K.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MNR in relation to earlier this year. Last month, William Wallace McMullen, a Director at MNR bought 3,085.00 shares for a total of $44,393.15.