Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on Matador Resources (MTDR) on November 25 and set a price target of $36. The company’s shares closed yesterday at $21.94, close to its 52-week low of $21.89.
According to TipRanks.com, Scialla ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.9% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Abraxas Petroleum Corp.
Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $38.88, which is a 77.2% upside from current levels. In a report issued on November 13, BMO Capital also reiterated a Buy rating on the stock with a $32 price target.
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Matador Resources’ market cap is currently $2.55B and has a P/E ratio of 13.89. The company has a Price to Book ratio of 1.65.
Based on the recent corporate insider activity of 56 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.
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.
