Mach Natural rises as brokerages initiate coverage with "buy" or higher

Mach Natural Resources LP

20/11/2023 15:15

** Shares of oil and gas company Mach Natural Resources
 MNR.N  rise 1.25% to $18.48 after multiple brokerages initiate
coverage with ratings of "buy" or above
    ** Brokerages Stifel, Raymond James and Stephens rate MNR
stock as "Buy", "Strong Buy" and "Overweight", ratings
respectively 
    ** Stifel expects MNR to gain scale in the Andarko basin,
sees co as a capital-light, tax-efficient investment
    ** "With only a handful of competitors, MNR is
well-positioned to continue to consolidate assets in the
out-of-favor Mid-Continent region," says brokerage Stephens

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))