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Matador Resources (MTDR) Receives a Rating Update from a Top Analyst

Tipranks - Tue Feb 24, 8:53AM CST

In a report released today, John Freeman from Raymond James maintained a Buy rating on Matador Resources, with a price target of $59.00.

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Freeman covers the Energy sector, focusing on stocks such as Matador Resources, National Fuel Gas Company, and TXO Energy Partners LP. According to TipRanks, Freeman has an average return of 37.6% and a 70.78% success rate on recommended stocks.

Matador Resources has an analyst consensus of Strong Buy, with a price target consensus of $55.23.

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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