Latest news with #NoahHungness
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
Yahoo
09-04-2025
- Business
- Yahoo
Why Vital Energy, Inc. (VTLE) is Losing This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Vital Energy, Inc. (NYSE:VTLE) stands against other energy stocks that are crashing this week. The energy industry has been absolutely crushed in the ongoing bloodbath faced by the overall market, but one sector that has been hit particularly hard is that of the oilfield services sector. On one side, the imposition of the 25% tariff on steel and aluminum has already led to an estimated 4% increase in costs for drilling a well. On the other hand, global oil prices have plunged to a multi-year low, further decreasing margins for producers and forcing them to slow down drilling activities. A recently published survey by the Federal Reserve Bank of Dallas has revealed that the US oil industry needs prices between $61 and $70 per barrel to be profitable. However, the ongoing trade war has pushed WTI prices down to the $57 range. Following President Trump's scathing tariff announcements last week, Morningstar has reduced its fair value estimates on the three biggest oilfield services companies, expecting them to report a revenue drop of between 2% and 3% this year. The report further states that each dollar lost in revenue translates into an operating profit loss of between $1.25 and $1.35. Hence, it comes as no surprise that a large majority of the Energy Stocks that Crashed This Week belong to the energy services industry. Aerial view of an oil well and the rig in the Permian Basin, West Texas. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 1 to April 8, 2025. Following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Share Price Decline Between Apr. 1 and Apr. 8: 35.32% Vital Energy, Inc. (NYSE:VTLE) is an independent energy company exploring, acquiring, and developing sustainable energy-producing assets and technologies. After getting downgraded by Bank of America analyst Noah Hungness last week, Vital Energy, Inc. (NYSE:VTLE) has been dealt yet another blow after Citi analyst Paul Diamond downgraded the stock to Neutral from Buy with a price target of $17, down from $36. Moreover, the company's production guidance for 2025 has disappointed analysts, and its Q4 2024 revenue also fell below market expectations, despite being up 20.2% YoY. Overall, VTLE ranks 8th on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VTLE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-04-2025
- Business
- Yahoo
Why Vital Energy, Inc. (VTLE) Crashed This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Vital Energy, Inc. (NYSE:VTLE) stands against other energy stocks that are losing this week. The global energy industry has faced a major setback this week after there were serious concerns of an escalating global trade war and a looming economic slowdown. After China hit back at President Trump's tariffs with 34% duties on all US goods, global oil prices plunged over 8%, heading for their lowest close since the height of the Covid-19 pandemic in 2021. Moreover, the US natural gas price at Henry Hub has also fallen by around 7.5% amid broad market selling. While the Trump administration has given exemptions to oil, gas, and refined products in its swapping tariffs, the threat of inflation and slowing economic growth have weighed down energy prices. JP Morgan has stated that it now sees a 60% chance of a global economic recession by year end, up from 40% previously. To put further pressure on oil prices, OPEC+ has decided to accelerate plans for output increases, with the group now aiming to supply 411,000 barrels per day (bpd) to the market in May, up from the previously planned 135,000 bpd. As a result, Goldman Sachs analysts have sharply reduced their December 2025 forecasts, cutting Brent and WTI targets by $5 each to $66 and $62 per barrel, respectively. Aerial view of an oil well and the rig in the Permian Basin, West Texas. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between March 27 to April 3, 2025. Following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Share Price Decline Between Mar. 27 and Apr. 3: 24.08% Vital Energy, Inc. (NYSE:VTLE) is an independent energy company exploring, acquiring, and developing sustainable energy-producing assets and technologies. Vital Energy, Inc. (NYSE:VTLE) has hit a 52-week low after Bank of America analyst Noah Hungness lowered its price target from $33 to $27 and kept an Underperform rating on the stock. This came after the company had a tough Q4 2024, reporting a net loss of $359.4 million, with a non-cash impairment loss significantly impacting earnings. VTLE's revenue of $534.37 million during the quarter also fell below market expectations, despite being up 20.2% YoY. Overall, VTLE ranks 3rd on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VTLE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
