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Matador Resources (MTDR) Receives a Buy from Siebert Williams Shank & Co

Tipranks - Tipranks - Tue Feb 24, 6:12AM CST

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Matador Resources on February 20 and set a price target of $60.00. The company’s shares closed last Friday at $52.39.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.1% and a 63.49% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.

Matador Resources has an analyst consensus of Strong Buy, with a price target consensus of $54.92.

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Based on Matador Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $915.12 million and a net profit of $176.36 million. In comparison, last year the company earned a revenue of $860.14 million and had a net profit of $248.29 million

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