Mach Natural Resources price target raised to $22 from $21 at Raymond James

Raymond James raised the firm’s price target on Mach Natural Resources (MNR) to $22 from $21 and keeps a Strong Buy rating on the shares. Mach announced two separate acquisitions last week, which should be 8% accretive to 2026 distributable cash flow per unit and 11% accretive in 2027 due in part to lower debt repayments, and the purchases also provide added scale, entry into two new basins, and meaningfully lower base decline rate, the analyst tells investors in a research note.