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Matador Resources (MTDR) Receives a Buy from J.P. Morgan

Tipranks - Sun Mar 1, 6:12AM CST

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Buy rating on Matador Resources, with a price target of $54.00. The company’s shares closed yesterday at $51.40.

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Parham covers the Energy sector, focusing on stocks such as Expand Energy, Matador Resources, and Valero Energy. According to TipRanks, Parham has an average return of 8.5% and a 64.74% success rate on recommended stocks.

Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $57.71, representing a 12.28% upside. In a report released yesterday, TipRanks – Google also reiterated a Buy rating on the stock with a $58.00 price target.

Based on Matador Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $847.99 million and a net profit of $192.55 million. In comparison, last year the company earned a revenue of $978.28 million and had a net profit of $214.53 million

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