Latest news with #MTDR
Business Insider
30-05-2025
- Business
- Business Insider
Analysts Conflicted on These Energy Names: Matador Resources (MTDR) and Civitas Resources (CIVI)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Matador Resources (MTDR – Research Report) and Civitas Resources (CIVI – Research Report). Confident Investing Starts Here: Matador Resources (MTDR) In a report released yesterday, Leo Mariani from Roth MKM assigned a Buy rating to Matador Resources, with a price target of $65.00. The company's shares closed last Thursday at $44.04, close to its 52-week low of $43.89. According to Mariani is a top 100 analyst with an average return of 26.2% and a 60.0% success rate. Mariani covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Magnolia Oil & Gas. Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $62.93, implying a 42.7% upside from current levels. In a report issued on May 19, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $56.00 price target. According to Hanold is ranked #17 out of 9586 analysts. Currently, the analyst consensus on Civitas Resources is a Moderate Buy with an average price target of $41.64, representing a 46.4% upside. In a report issued on May 15, Roth MKM also downgraded the stock to Hold with a $34.00 price target.
Yahoo
21-05-2025
- Business
- Yahoo
BofA Launches Matador Resources (MTDR) with a Buy Rating
The stock of Matador Resources Company (NYSE:MTDR) was recently launched by BofA with a Buy rating. Let's shed some light on the development. A pipeline snaking its way through the hills and valleys of the Delaware Basin. Matador Resources Company (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States, with a particular emphasis on shale plays and other unconventional plays. On May 19, 2025, BofA initiated coverage of Matador Resources Company (NYSE:MTDR) with a Buy rating, accompanied by a price target of $56. The analyst highlighted various reasons behind the positive outlook, including developing its low breakeven E&P assets in the $37-$43 WTI range, stock buybacks, expanding its midstream footprint, and inorganic growth. BofA's Noah Hungness claims that Matador Resources Company (NYSE:MTDR) is 'agile when it needs to be' and its strong execution is reflected in its impressive 21.7% revenue growth over the last twelve months. Moreover, the company has recently stated that it will drop from nine rigs to eight by mid-year as a result of the plunging oil prices and bleak demand outlook. The move will save it around $100 million in capital expenditure and help to generate an additional $71 million of free cash flow with the WTI crude price at $60 per barrel. Matador Resources Company (NYSE:MTDR) reported strong results for its Q1 2025 last month, posting an adjusted EPS of $0.99 and beating estimates by $0.21. The company's revenue also grew by more than 28% YoY to around $1 billion, topping expectations by $57.4 million. While we acknowledge the potential of MTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MTDR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
20-05-2025
- Business
- Yahoo
BofA Initiates Coverage of Matador (MTDR) With a Buy Rating, Sets $56 Price Target
On Monday, BofA analyst Noah Hungness initiated coverage of Matador Resources Company (NYSE:MTDR) with a Buy rating and a price target of $56. BofA highlighted Matador's diverse growth avenues that distinguish it from competitors, such as the development of low breakeven exploration and production assets, share repurchases, expansion of its midstream footprint, and pursuit of inorganic growth opportunities. A pipeline snaking its way through the hills and valleys of the Delaware Basin. Matador Resources Company (NYSE:MTDR) anticipates ~30% production growth for FQ1 2025 year-over-year, with similar growth expected for FQ2 and FQ3. This partly comes from the successful integration of high-quality Ameredev properties. Matador estimates cost savings of $30 million to $50 million through batch drilling and has expressed confidence in its ability to raise its dividend due to asset growth. Matador Resources Company (NYSE:MTDR) is an independent energy company that acquires, explores, develops, and produces oil & natural gas resources in the US. It operates through two segments: Exploration & Production and Midstream. While we acknowledge the potential of MTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MTDR and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
20-05-2025
- Business
- Yahoo
BofA Launches Matador Resources (MTDR) with a Buy Rating
The stock of Matador Resources Company (NYSE:MTDR) was recently launched by BofA with a Buy rating. Let's shed some light on the development. A pipeline snaking its way through the hills and valleys of the Delaware Basin. Matador Resources Company (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States, with a particular emphasis on shale plays and other unconventional plays. On May 19, 2025, BofA initiated coverage of Matador Resources Company (NYSE:MTDR) with a Buy rating, accompanied by a price target of $56. The analyst highlighted various reasons behind the positive outlook, including developing its low breakeven E&P assets in the $37-$43 WTI range, stock buybacks, expanding its midstream footprint, and inorganic growth. BofA's Noah Hungness claims that Matador Resources Company (NYSE:MTDR) is 'agile when it needs to be' and its strong execution is reflected in its impressive 21.7% revenue growth over the last twelve months. Moreover, the company has recently stated that it will drop from nine rigs to eight by mid-year as a result of the plunging oil prices and bleak demand outlook. The move will save it around $100 million in capital expenditure and help to generate an additional $71 million of free cash flow with the WTI crude price at $60 per barrel. Matador Resources Company (NYSE:MTDR) reported strong results for its Q1 2025 last month, posting an adjusted EPS of $0.99 and beating estimates by $0.21. The company's revenue also grew by more than 28% YoY to around $1 billion, topping expectations by $57.4 million. While we acknowledge the potential of MTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MTDR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Business Insider
29-04-2025
- Business
- Business Insider
Matador Resources (MTDR) Receives a Buy from Roth MKM
Roth MKM analyst Leo Mariani maintained a Buy rating on Matador Resources (MTDR – Research Report) today and set a price target of $65.00. The company's shares closed today at $41.54. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Mariani covers the Energy sector, focusing on stocks such as Matador Resources, Range Resources, and Occidental Petroleum. According to TipRanks, Mariani has an average return of 23.2% and a 55.48% success rate on recommended stocks. Matador Resources has an analyst consensus of Strong Buy, with a price target consensus of $65.67, a 58.09% upside from current levels. In a report released today, Wells Fargo also maintained a Buy rating on the stock with a $80.00 price target. The company has a one-year high of $66.89 and a one-year low of $35.19. Currently, Matador Resources has an average volume of 1.88M. Based on the recent corporate insider activity of 83 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. Last month, Monika U Ehrman, a Director at MTDR bought 300.00 shares for a total of $13,560.00.
