Matador Resources (MTDR) Gets a Buy from Siebert Williams Shank & Co
In a report released on March 20, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Matador Resources, with a price target of $68.00. The company’s shares closed last Friday at $58.50.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 14.7% and a 65.08% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.
In addition to Siebert Williams Shank & Co, Matador Resources also received a Buy from J.P. Morgan’s Zach Parham in a report issued on March 20. However, on March 19, UBS maintained a Hold rating on 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 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.
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