Wells Fargo analyst Gordon Douthat maintained a Hold rating on Matador Resources (MTDR) on December 6. The company’s shares closed last Monday at $14.82.
According to TipRanks.com, Douthat is ranked 0 out of 5 stars with an average return of -7.2% and a 28.3% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Black Stone Minerals, Extraction Oil & Gas, and Jagged Peak Energy.
Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $23.33.
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Based on Matador Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $43.95 million. In comparison, last year the company had a net profit of $17.79 million.
Based on the recent corporate insider activity of 55 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.
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