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Northland Securities Reaffirms Their Buy Rating on Mach Natural Resources LP (MNR)

Tipranks - Tipranks - Tue Mar 17, 9:11AM CDT

In a report released today, Jeff Grampp from Northland Securities maintained a Buy rating on Mach Natural Resources LP, with a price target of $20.00.

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According to TipRanks, Grampp is a 4-star analyst with an average return of 6.0% and a 33.26% success rate. Grampp covers the Energy sector, focusing on stocks such as Flotek, Centrus Energy, and UR-Energy.

In addition to Northland Securities, Mach Natural Resources LP also received a Buy from William Blair’s Neal Dingmann in a report issued on March 13. However, today, KeyBanc reiterated a Hold rating on Mach Natural Resources LP (NYSE: MNR).

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Based on Mach Natural Resources LP’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $345.89 million and a net profit of $73.09 million. In comparison, last year the company earned a revenue of $234.94 million and had a net profit of $221.7 million

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