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After finishing at $15.64 in the prior trading day, Mach Natural Resources LP (NYSE: MNR) closed at $15.46, down -1.15%. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 0.35 million shares were traded. MNR stock price reached its highest trading level at $15.9599 during the session, while it also had its lowest trading level at $15.31.
Ratios:
Our goal is to gain a better understanding of MNR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.24. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.57.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Johnson Rice on November 28, 2023, initiated with a Buy rating and assigned the stock a target price of $27.
On November 20, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $31.
On November 20, 2023, Stephens started tracking the stock assigning a Overweight rating and target price of $24.Stephens initiated its Overweight rating on November 20, 2023, with a $24 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 14 ’24 when WHITE KEVIN R. sold 300,000 shares for $18.50 per share. The transaction valued at 5,550,000 led to the insider holds 467,054 shares of the business.
Reel Michael E sold 70,000 shares of MNR for $1,348,900 on Jun 10 ’24. The insider now owns 86,434 shares after completing the transaction at $19.27 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNR now has a Market Capitalization of 1599955456 and an Enterprise Value of 2200201216. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.637 whereas that against EBITDA is 4.108.
Stock Price History:
Over the past 52 weeks, MNR has reached a high of $21.19, while it has fallen to a 52-week low of $14.40. The 50-Day Moving Average of the stock is -5.26%, while the 200-Day Moving Average is calculated to be -16.57%.
Shares Statistics:
The stock has traded on average 213.89K shares per day over the past 3-months and 212390 shares per day over the last 10 days, according to various share statistics. A total of 95.00M shares are outstanding, with a floating share count of 18.77M. Insiders hold about 81.87% of the company’s shares, while institutions hold 10.59% stake in the company. Shares short for MNR as of 1730332800 were 112455 with a Short Ratio of 0.60, compared to 1727654400 on 89345. Therefore, it implies a Short% of Shares Outstanding of 112455 and a Short% of Float of 0.5700000000000001.
