Group 1 - The stock of Mach Natural Resources LP (MNR) has experienced a downtrend, declining 7.6% over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential for a turnaround [1] - The Relative Strength Index (RSI) for MNR is at 27.71, suggesting that the heavy selling may be exhausting itself, which could lead to a price rebound as the stock seeks to return to its previous equilibrium of supply and demand [5] - There is a strong consensus among sell-side analysts regarding MNR's ability to report better earnings than previously predicted, with a 12.8% increase in the consensus EPS estimate over the last 30 days, indicating potential price appreciation in the near term [6] Group 2 - MNR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the likelihood of a near-term turnaround [7]

Core Viewpoint - Mach Natural Resources LP (MNR) has shown a significant price increase of 10.4% over the past four weeks, with a mean price target of $23.40 indicating a potential upside of 28.8% from the current trading price of $18.17 [1] Price Target Analysis - The average price target consists of five estimates ranging from a low of $21 to a high of $25, with a standard deviation of $1.52, suggesting a relatively tight clustering of analyst opinions [2][7] - The lowest estimate indicates a potential increase of 15.6%, while the highest suggests a 37.6% upside [2] Analyst Sentiment - Analysts are optimistic about MNR's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 12.8%, with two estimates moving higher and no negative revisions [10] Zacks Rank - MNR currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, which supports the stock's potential upside [11] Conclusion on Price Targets - While the consensus price target may not be a reliable predictor of the magnitude of MNR's gains, it does provide a useful indication of the expected direction of price movement [12]

Core Viewpoint - Mach Natural Resources LP (MNR) has shown a recent price increase and analysts suggest significant upside potential based on price targets, with a mean target indicating a 51.2% upside from the current price of $15.43 [1] Price Targets - The average price target for MNR ranges from a low of $21 to a high of $25, with a mean target of $23.33 and a standard deviation of $2.08, indicating a relatively tight clustering of estimates [2] - The lowest estimate suggests a 36.1% increase, while the highest indicates a 62% upside potential [2] Analyst Sentiment - Analysts exhibit strong agreement regarding MNR's earnings prospects, as evidenced by positive revisions in earnings estimates, which historically correlate with stock price movements [4][9] - The Zacks Consensus Estimate for the current year has increased by 1.9% over the past month, with no negative revisions reported [10] Zacks Rank - MNR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [11] Conclusion on Price Targets - While the consensus price target may not be a definitive indicator of MNR's potential gains, the direction implied by these targets appears to be a useful guide for further research [12]

Core Viewpoint - Mach Natural Resources LP (MNR) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Company Performance Indicators - For the fiscal year ending December 2024, Mach Natural Resources LP is projected to earn $2.20 per share, reflecting a substantial increase of 205.6% compared to the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Mach Natural Resources LP has risen by 0.9%, indicating a positive trend in earnings expectations [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision characteristics [9][10]. Conclusion - The upgrade of Mach Natural Resources LP to a Zacks Rank 1 positions it favorably for potential stock price appreciation in the near term due to its strong earnings estimate revisions [11].

Core Viewpoint - Mach Natural Resources LP (MNR) has shown a slight increase of 0.2% in the last four weeks, with a mean price target of $23.67 indicating a potential upside of 45.7% from its current price of $16.25 [1] Price Targets and Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $1.53, where the lowest estimate of $22 suggests a 35.4% increase, and the highest estimate of $25 indicates a potential surge of 53.9% [2] - A low standard deviation among price targets signifies a high degree of agreement among analysts regarding the stock's price movement direction and magnitude [7] Analyst Sentiment and Earnings Estimates - Analysts are optimistic about MNR's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has shown a strong correlation with near-term stock price movements [9] - Over the past 30 days, the Zacks Consensus Estimate for the current year has increased by 2.4%, with one estimate moving higher and no negative revisions [10] Zacks Rank and Investment Potential - MNR currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside in the near term [11]

Financial Data and Key Metrics Changes - In Q3 2024, the company reported production of 82,000 BOE per day, with 23% from oil, 53% from natural gas, and 24% from NGLs [19] - Average realized prices were $74.55 per barrel of oil, $1.73 per Mcf of gas, and $22.61 per barrel of NGLs, with total oil and gas revenues of $209 million [19] - The company generated adjusted EBITDA of $134 million and operating cash flow of $111 million, with free cash flow of $52 million after CapEx of $53 million [21] Business Line Data and Key Metrics Changes - The lease operating expense (LOE) for Q3 was $44 million or $5.85 per BOE, which is at the low end of guidance [20] - The company drilled and brought online 11 gross and nine net wells while running two rigs during the quarter [11] Market Data and Key Metrics Changes - Average prices realized in Q3 were $74.55 per barrel of oil, which is a 6% decrease from Q2 [10] - The company has hedged 50% of its next 12 months' production and 25% of the second 12 months to mitigate risks from falling prices [9] Company Strategy and Development Direction - The company focuses on maintaining financial strength with a long-term debt-to-EBITDA ratio of one or less, disciplined execution, and maximizing cash distributions [6][7] - The strategy includes acquiring cash-flowing assets at discounts and maintaining a reinvestment rate of less than 50% of operating cash flow [7][8] - The company plans to increase its rig count to three in 2025 and expand drilling into new locations [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to make acquisitions during periods of lower pricing due to low leverage [10] - The company anticipates that demand for energy will continue to grow, driven by global population and economic development [8] - Management noted an improving pipeline of deals and increased interest from sellers, which could lead to higher distributions per unit in the coming year [17] Other Important Information - The company completed a follow-on public offering generating proceeds of $129 million to fund acquisitions [16] - The company ended the quarter with $184 million in cash and an undrawn $75 million revolver [20] Q&A Session Summary Question: What is the 2025 plan for turn-in-lines? - Management indicated that the 2025 plan assumes turning on a little over 40 gross wells [22][24] Question: Is the 2025 program more smoothed out compared to 2024? - Management stated that the 2025 program is not set up to be lumpy, but it depends on pricing and the 50% reinvestment rate [24][26] Question: How is the early performance of the recent acquisitions? - The combined production from the recent acquisitions was about 5,000 BOE per day, which is not expected to significantly impact fourth-quarter guidance [35] Question: What is the outlook for refinancing the term loan? - Management is considering options for refinancing, including the robust RBL high-yield market, but timing and covenants will play a role in the decision [50][52] Question: What are the thoughts on deeper Mississippi wells? - Management expressed confidence in the rate of return from deeper Mississippi wells, indicating they are highly competitive [48]

Here are two stocks with buy rank and strong income characteristics for investors to consider today, November 13:Mach Natural Resources LP (MNR) : This oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% the last 60 days.This Zacks Rank #1 company has a dividend yield of 22.0%, compared with the industry average of 0.0%.Premier, Inc. (PINC) : This healthcare improvement company has witnessed the Zacks Consensus Estimate for its current year earnings i ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units MNR New York Stock Exchange Large accelerated filer o Accelerated filer o Non-accelerated filer x Smaller reporting company o Emerging growth company x UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION ...

As such, the Zacks rating upgrade for Mach Natural Resources LP is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Harnessing the Power of Earnings Estimate Revisions For the fiscal year ending December 2024, this company is expected to earn $4.03 per share, which is a change of 459.7% from the year-ago reported number. You can learn more about the Zacks Rank here >>> Individual investors often find it hard to make decisions based on rating upgra ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Mach Natural Resources LP (MNR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question. Mach Natural Resources LP is a member of the Oils-Energy sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Ra ...