Northland Securities analyst Jeff Grampp reiterated a Buy rating on Matador Resources (MTDR) yesterday and set a price target of $32. The company’s shares opened today at $18.93.
According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.7% and a 30.5% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, Goodrich Petroleum Corp, and Resolute Energy Corp.
Matador Resources has an analyst consensus of Moderate Buy, with a price target consensus of $27.63, implying a 46.0% upside from current levels. In a report issued on February 19, SunTrust Robinson also upgraded the stock to Buy with a $29 price target.
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Matador Resources’ market cap is currently $2.19B and has a P/E ratio of 11.93. The company has a Price to Book ratio of 1.42.
Based on the recent corporate insider activity of 59 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, Joseph Wm Foran, the Chairman & CEO of MTDR bought 200,000 shares for a total of $3,000,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Matador Resources Co. is a holding company engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration & Production; Midstream, and Corporate.
