Northland starts ‘yield-focused’ Mach Natural Resources with an Outperform

As previously reported, Northland initiated coverage of Mach Natural Resources (MNR) with an Outperform rating and $21 price target The company’s “balanced portfolio” of oil and gas assets with both significant current production and solid development potential provides line of sight for durable cash flow, the analyst says about the “yield-focused company.” Management and the board own a majority of the stock, which provides “strong insider alignment,” the analyst added.