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Analysts Offer Insights on Energy Companies: Viper Energy (VNOM) and Matador Resources (MTDR)

Tipranks - Tue Jun 30, 8:22AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Viper Energy (VNOM) and Matador Resources (MTDR) with bullish sentiments.

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Viper Energy (VNOM)

In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on Viper Energy, with a price target of $46.00. The company’s shares closed last Friday at $42.57.

According to TipRanks.com, McDermott is a 5-star analyst with an average return of 9.3% and a 56.8% success rate. McDermott covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Occidental Petroleum, and Northern Oil And Gas. ;'>

Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $57.64.

See the top stocks recommended by analysts >>

Matador Resources (MTDR)

In a report released today, Neal Dingmann from William Blair maintained a Buy rating on Matador Resources. The company’s shares closed last Friday at $49.90.

According to TipRanks.com, Dingmann is ranked 0 out of 5 stars with an average return of -3.4% and a 37.1% success rate. Dingmann covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Riley Exploration Permian, and Kodiak Gas Services, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Matador Resources with a $70.24 average price target, which is a 41.1% upside from current levels. In a report issued on June 21, Roth MKM also upgraded the stock to Buy with a $65.00 price target.

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