Wells Fargo Reaffirms Their Hold Rating on Matador Resources (MTDR)


In a report released yesterday, Gordon Douthat from Wells Fargo maintained a Hold rating on Matador Resources (MTDR). The company’s shares closed yesterday at $18.19.

According to TipRanks.com, Douthat is ranked #2216 out of 5236 analysts.

Currently, the analyst consensus on Matador Resources is a Moderate Buy with an average price target of $27.80.

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Matador Resources’ market cap is currently $2.12B and has a P/E ratio of 7.56. The company has a Price to Book ratio of 1.25.

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 10,000 shares for a total of $150,000.

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.

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