KeyBanc initiated coverage of Mach Natural Resources (MNR) with an Overweight rating and $18 price target The company has a “measured” drilling program of 50% or less of annual operating cash flow and has grown through acquisitions, the analyst tells investors in a research note. The firm expects Mach’s cash returns to remain “robust.”
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Read More on MNR:
- Mach Natural Resources initiated with an Outperform at William Blair
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