Matador Resources (MTDR) Gets a Buy from TD Cowen
TD Cowen analyst David Deckelbaum maintained a Buy rating on Matador Resources yesterday and set a price target of $65.00.
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According to TipRanks, Deckelbaum is a 4-star analyst with an average return of 10.6% and a 51.25% success rate. Deckelbaum covers the Energy sector, focusing on stocks such as Ovintiv, Matador Resources, and SM Energy.
In addition to TD Cowen, Matador Resources also received a Buy from Bank of America Securities’s Noah Hungness in a report issued yesterday. However, on the same day, Wells Fargo assigned a Hold rating to Matador Resources (NYSE: MTDR).
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
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MTDR in relation to earlier this year. Earlier this month, Monika U Ehrman, a Director at MTDR bought 267.00 shares for a total of $15,029.43.
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