Roth MKM Reaffirms Their Hold Rating on Matador Resources (MTDR)
Roth MKM analyst Leo Mariani maintained a Hold rating on Matador Resources today and set a price target of $65.00.
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Mariani covers the Energy sector, focusing on stocks such as Matador Resources, SM Energy, and Sable Offshore. According to TipRanks, Mariani has an average return of 35.5% and a 72.86% success rate on recommended stocks.
In addition to Roth MKM, Matador Resources also received a Hold from Morgan Stanley’s Devin McDermott in a report issued on May 22. However, yesterday, KeyBanc maintained a Buy rating on Matador Resources (NYSE: MTDR).
Based on Matador Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $941.6 million and a GAAP net loss of $35.87 million. In comparison, last year the company earned a revenue of $1.01 billion and had a net profit of $240.09 million
Based on the recent corporate insider activity of 67 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. Earlier this month, Christopher P Calvert, the EVP & CFO of MTDR bought 1,500.00 shares for a total of $79,860.00.
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