Stifel Nicolaus Remains a Buy on 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 $18.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Akyol covers the Energy sector, focusing on stocks such as Enterprise Products Partners, MPLX, and DT Midstream. According to TipRanks, Akyol has an average return of 11.2% and a 69.25% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mach Natural Resources LP with a $18.67 average price target.

Based on Mach Natural Resources LP’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $272.56 million and a GAAP net loss of $35.65 million. In comparison, last year the company earned a revenue of $255.54 million and had a net profit of $67.44 million

Based on the recent corporate insider activity of 18 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 30,000.00 shares for a total of $372,225.00.