Matador Resources (MTDR) Receives a Rating Update from a Top Analyst
In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Matador Resources, with a price target of $77.00.
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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and EQT. According to TipRanks, Hanold has an average return of 25.1% and a 72.46% success rate on recommended stocks.
In addition to RBC Capital, Matador Resources also received a Buy from TipRanks – Google’s Google Oil and Gas Exploration and Production in a report issued on April 7. However, yesterday, Roth MKM downgraded Matador Resources (NYSE: MTDR) to a Hold.
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.
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