In a report released yesterday, Tim Rezvan from Oppenheimer maintained a Buy rating on Matador Resources (MTDR). The company’s shares closed yesterday at $17.91.
According to TipRanks.com, Rezvan is a 2-star analyst with an average return of 0.2% and a 50.0% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Par Pacific Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Matador Resources with a $26.43 average price target, which is a 47.6% 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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The company has a one-year high of $35.22 and a one-year low of $13.97. Currently, Matador Resources has an average volume of 2.27M.
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.
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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.
