Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Mach Natural Resources LP before investing.

In this article, we go over a few key elements for understanding Mach Natural Resources LP’s stock price such as:

• Mach Natural Resources LP’s current stock price and volume
• Why Mach Natural Resources LP’s stock price changed recently
• Upgrades and downgrades for MNR from analysts
• MNR’s stock price momentum as measured by its relative strength

About Mach Natural Resources LP (MNR)

Before we jump into Mach Natural Resources LP’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Mach Natural Resources LP is an independent upstream oil and gas company. The Company is focused on acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. The Company’s assets are located throughout Western Oklahoma, Southern Kansas and the panhandle of Texas and consist of approximately 4,600 gross operated PDP wells. Additionally, it owns a portfolio of midstream assets which support its leases, including ownership in four processing plants with combined processing capacity of 353 million cubic feet per day (MMcf/d), along with 1,210 miles of gas gathering pipelines. Additionally, it owns water infrastructure consisting of 880 miles of gathering pipeline and 55 disposal wells. Additionally, the Company owns water infrastructure consisting of 880 miles of gathering pipeline and 55 disposal wells.

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Mach Natural Resources LP’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, Mach Natural Resources LP’s stock price was $19.30.

Mach Natural Resources LP is down 4.27% from its previous closing price of $20.16.

During the last market session, Mach Natural Resources LP’s stock traded between $20.05 and $20.81. Currently, there are 95.00 million shares of Mach Natural Resources LP stock available for purchase.

Mach Natural Resources LP’s price-earnings (P/E) ratio is currently at 6.9, which is low compared to the Oil & Gas - Exploration and Production industry median of 11.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Mach Natural Resources LP Stock Price History

Mach Natural Resources LP’s (MNR) price is currently down 6.54% so far this month.

During the month of May, Mach Natural Resources LP’s stock price has reached a high of $20.96 and a low of $19.13.

Over the last year, Mach Natural Resources LP has hit prices as high as $21.19 and as low as $14.40.

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What Caused Mach Natural Resources LP Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 2 analysts who downgraded Mach Natural Resources LP’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Mach Natural Resources LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Mach Natural Resources LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Mach Natural Resources LP (MNR) by visiting AAII Stock Evaluator.

Relative Price Strength of Mach Natural Resources LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, Mach Natural Resources LP has a weighted four-quarter relative price strength of %, which translates to a Momentum Score of and is considered to be NA.

Want to learn more about how Mach Natural Resources LP is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Mach Natural Resources LP Stock Price: Bottom Line

As of May 24, 2024, Mach Natural Resources LP’s stock price is $19.30, which is down 4.27% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Mach Natural Resources LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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