Skip to main content

Analysts Offer Insights on Energy Companies: Matador Resources (MTDR) and Baytex Energy (BTE)

Tipranks - Sat Jan 17, 5:36AM CST

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Matador Resources (MTDRResearch Report) and Baytex Energy (BTEResearch Report).

Claim 70% Off TipRanks Premium

Matador Resources (MTDR)

KeyBanc analyst Tim Rezvan maintained a Buy rating on Matador Resources yesterday and set a price target of $52.00. The company’s shares closed last Thursday at $42.79.

According to TipRanks.com, Rezvan is ranked 0 out of 5 stars with an average return of -8.8% and a 35.2% success rate. Rezvan covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Mach Natural Resources LP, and Kimbell Royalty Partners. ;'>

Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $56.92, representing a 33.2% upside. In a report issued on January 13, RBC Capital also maintained a Buy rating on the stock with a $60.00 price target.

See the top stocks recommended by analysts >>

Baytex Energy (BTE)

Baytex Energy received a Hold rating from TD Cowen analyst Menno Hulshof today. The company’s shares closed last Thursday at $3.38.

According to TipRanks.com, Hulshof is a 4-star analyst with an average return of 4.1% and a 49.3% success rate. Hulshof covers the NA sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Athabasca Oil. ;'>

Baytex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.62, implying a 9.0% upside from current levels. In a report issued on January 13, RBC Capital also downgraded the stock to Hold with a C$5.00 price target.

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.