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Siebert Williams Shank & Co Keeps Their Buy Rating on Matador Resources (MTDR)

Tipranks - Tipranks - Tue Mar 10, 9:06AM CDT

In a report released on March 6, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Matador Resources, with a price target of $68.00.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 17.0% and a 66.80% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and Ovintiv.

In addition to Siebert Williams Shank & Co, Matador Resources also received a Buy from Citi’s Paul Diamond CFA in a report issued on March 6. However, on March 5, UBS assigned a Hold rating to Matador Resources (NYSE: MTDR).

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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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