Matador Resources (MTDR) Receives a Rating Update from a Top Analyst
Roth MKM analyst Leo Mariani maintained a Buy rating on Matador Resources today and set a price target of $52.00.
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Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Murphy Oil, and Coterra Energy. According to TipRanks, Mariani has an average return of 35.9% and a 72.84% success rate on recommended stocks.
In addition to Roth MKM, Matador Resources also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara 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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