Stifel analyst Selman Akyol lowered the firm’s price target on Mach Natural Resources (MNR) to $18 from $22 and keeps a Buy rating on the shares after updating the firm’s model to reflect current commodity prices, as well as quarterly results. Since the firm’s last model update, 2026 crude oil and natural gas futures have declined, notes the analyst, who now assumes Mach’s 2026 capital program trends towards the low end of its guidance range given the weaker commodity pricing environment.
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