Mach Natural Resources LP (MNR) stock forecast: Can it reach its 52-week high of $21.19

A share price of Mach Natural Resources LP [MNR] is currently trading at $15.99, down -0.19%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MNR shares have gain 1.46% over the last week, with a monthly amount drifted -3.38%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Truist started tracking the stock with Buy rating on December 06, 2024, and set its price target to $23. On November 28, 2023, Johnson Rice initiated with a Buy rating and assigned a price target of $27 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $31 on November 20, 2023. Stephens initiated its recommendation with a Overweight and recommended $24 as its price target on November 20, 2023. Raymond James started tracking with a Strong Buy rating for this stock on November 20, 2023, and assigned it a price target of $23.

Mach Natural Resources LP experienced fluctuations in its stock price throughout the past year between $14.46 and $21.19. Mach Natural Resources LP [NYSE: MNR] shares were valued at $15.99 at the most recent close of the market.

Analyzing the MNR fundamentals

Trailing Twelve Months sales for Mach Natural Resources LP [NYSE:MNR] were 916.30M which represents 23.05% growth. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.84 points at the first support level, and at 15.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.08, and for the 2nd resistance point, it is at 16.17.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Mach Natural Resources LP [NYSE:MNR] is 1.24. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 1.35.

Transactions by insiders

Recent insider trading involved McMullen William Wallace, Director, that happened on Dec 17 ’24 when 0.31 million shares were purchased. Director, McMullen William Wallace completed a deal on Dec 16 ’24 to buy 0.15 million shares. Meanwhile, Director McMullen William Wallace bought 98751.0 shares on Dec 13 ’24.

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