Siebert Williams Shank & Co Keeps Their Buy Rating on Matador Resources (MTDR)
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Matador Resources today and set a price target of $78.00.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 13.5% and a 62.81% success rate. Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv.
In addition to Siebert Williams Shank & Co, Matador Resources also received a Buy from RBC Capital’s Scott Hanold in a report issued on April 8. However, on April 16, Wells Fargo 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.
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