Mach Natural Resources price target lowered to $20 from $21 at Northland

Northland lowered the firm’s price target on Mach Natural Resources (MNR) to $20 from $21 and keeps an Outperform rating on the shares. Q3 results “looked like a miss at first glance,” but one-time acquisition costs masked what was “a positive quarter,” says the analyst, who cites a slightly lower FY26 adjusted EBITDA forecast for the firm’s trimming of its price target