Matador Resources (MTDR) Receives a Buy from KeyBanc
KeyBanc analyst Tim Rezvan maintained a Buy rating on Matador Resources today and set a price target of $73.00.
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According to TipRanks, Rezvan is an analyst with an average return of -2.9% and a 47.30% success rate. Rezvan covers the Energy sector, focusing on stocks such as Magnolia Oil & Gas, Matador Resources, and SM Energy.
In addition to KeyBanc, Matador Resources also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued yesterday. However, on March 27, Morgan Stanley maintained a Hold rating on Matador Resources (NYSE: MTDR).
Based on Matador Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $847.99 million and a net profit of $192.55 million. In comparison, last year the company earned a revenue of $978.28 million and had a net profit of $214.53 million
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MTDR in relation to earlier this year. Last month, Monika U Ehrman, a Director at MTDR bought 267.00 shares for a total of $15,029.43.
Read More on MTDR:
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- Matador price target raised to $77 from $62 at Citi
- Matador price target raised to $73 from $52 at Morgan Stanley
- Matador Resources: High‑Quality Delaware Basin Pure‑Play Fully Valued at 1x NAV; Truist Initiates with Hold on Limited Near‑Term Upside
- Matador initiated with a Hold at Truist
- Matador price target raised to $67 from $54 at JPMorgan
