In a report released today, Neal Dingmann from Truist Financial maintained a Buy rating on Matador Resources (MTDR – Research Report). The company’s shares closed yesterday at $64.74.
Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, Northern Oil And Gas, and Sitio Royalties. According to TipRanks, Dingmann has an average return of 14.5% and a 72.31% success rate on recommended stocks.
In addition to Truist Financial, Matador Resources also received a Buy from Wells Fargo’s Hanwen Chang in a report issued on April 17. However, on April 11, Capital One Financial maintained a Hold rating on Matador Resources (NYSE: MTDR).
The company has a one-year high of $71.08 and a one-year low of $41.50. Currently, Matador Resources has an average volume of 1.45M.
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Matador Resources (MTDR) Company Description:
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. The Exploration & Production segment is engaged in the acquisition, exploration and development of oil and natural gas properties and is currently focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Midstream segment conducts midstream operations in support of the company’s exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and salt water gathering services and salt water disposal services to third parties. The company was founded by Joseph William Foran and Scott E. King in July 2003 and is headquartered in Dallas, TX.
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