Wells Fargo analyst Gordon Douthat maintained a Hold rating on Matador Resources (MTDR) yesterday. The company’s shares closed last Monday at $14.35, close to its 52-week low of $13.42.
According to TipRanks.com, Douthat is a 1-star analyst with an average return of -6.2% and a 30.0% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Black Stone Minerals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Matador Resources with a $23.83 average price target.
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Matador Resources’ market cap is currently $1.67B and has a P/E ratio of 9.62. The company has a Price to Book ratio of 0.96.
Based on the recent corporate insider activity of 70 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.
