Matador Resources (MTDR) Gets a Hold from UBS
UBS analyst Peyton Dorne maintained a Hold rating on Matador Resources on March 19 and set a price target of $62.00. The company’s shares closed last Friday at $57.07.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Dorne covers the Energy sector, focusing on stocks such as Magnolia Oil & Gas, Matador Resources, and Comstock Resources. According to TipRanks, Dorne has an average return of 8.4% and a 69.23% success rate on recommended stocks.
Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $62.63, representing a 9.74% upside. In a report released on March 16, Wells Fargo also assigned a Hold rating to the stock with a $54.00 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
Based on the recent corporate insider activity of 74 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.
Read More on MTDR:
