After Oppenheimer and Northland Securities gave Matador Resources (NYSE: MTDR) a Buy rating last month, the company received another Buy, this time from Williams Capital. Analyst Gabriele Sorbara initiated coverage with a Buy rating on Matador Resources today and set a price target of $26. The company’s shares closed last Monday at $17.11.
According to TipRanks.com, Sorbara ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -15.3% and a 30.9% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.
Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $25.43.
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Matador Resources’ market cap is currently $2B and has a P/E ratio of 11.46. The company has a Price to Book ratio of 1.15.
Based on the recent corporate insider activity of 71 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; and Midstream.
