SunTrust Robinson analyst Neal Dingmann reiterated a Hold rating on Matador Resources (MTDR) on November 27 and set a price target of $26. The company’s shares opened today at $22.82, close to its 52-week low of $21.43.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
Matador Resources has an analyst consensus of Strong Buy, with a price target consensus of $38.88.
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Matador Resources’ market cap is currently $2.64B and has a P/E ratio of 14.39. The company has a Price to Book ratio of 1.71.
Based on the recent corporate insider activity of 63 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.
