In the highly volatile world of oil and gas, Matador Resources (NYSE:MTDR) seems to have found a way to navigate the choppy waters. This holding company, engaged in exploration, development, production, and acquisition of energy resources has been on a steady path towards growth ever since it hit the stock market. The latest evidence of its upward trajectory is Raymond James’ recent research report. In that report, Raymond James raised the stock’s price objective from $57.00 to $61.00, indicating a potential upside of 21.83% from its current value.
This increase comes on the heels of Matador Resource’s last announcement for quarterly earnings data on 22nd February this year. As per reports, the energy company posted individual earnings per share (EPS) for that quarter at $2.08, thereby beating analysts’ consensus estimates by $0.13. That was achieved against a backdrop where revenue had already surpassed analyst expectations to reach $707.48 million amid further projected growth prospects.
The market has responded positively to these latest developments as investors are starting to take notice of Matador Resources’ consistent performance in an industry characterized by volatility and unpredictability.
Matador Resources operate through three primary segments: Exploration and Production, Midstream, and Corporate downstream activities will remain vital in terms of streamlining operations aimed at bolstering profits while mitigating operational risks associated with direct investment into up-stream activities.
The Exploration and Production segment account for most revenues as it focuses on developing oil & liquids-rich segments across Wolfcamp and Bone Spring areas leading potentially rewarding opportunities towards a promising future.
Despite operating within such an unpredictable industry genre worldwide, all signs point towards continued success for Matador Resources Co., as solid financial performance largely attributed through successful cost optimization initiatives along with expansions into new geography exist amid rising energy demand globally – signaling confidence among driving forces leading us all towards sustainable outcomes unto gradual recovery within economies gradually emerging from the Covid-19 pandemic.
Analysts Differ in Opinions on Matador Resources Company’s Stock Ratings and Price Targets.
Matador Resources Company, a leading exploration and production firm, has been the subject of numerous analyst research reports in recent months. Analysts at Mizuho reduced their price target on Matador shares from $72.00 to $66.00 in a report released on March 10th, while StockNews.com began coverage on Matador stock on March 16th with a “hold” rating. Cowen analysts upped their price target from $67.00 to $78.00 and gave the company an “outperform” rating back in January, while Truist Financial boosted their price target to $72.00 just last month in April.
Benchmark also cut their target price from $75.00 to $71.00 in another research note issued earlier this year. Despite these differing opinions, two investment analysts have rated Matador’s stock as “hold,” while eight have given it a “buy” rating.
According to data from Bloomberg, the energy company’s average rating is currently listed as “Moderate Buy,” with an average target price of around $70.56 per share. As of Friday, May 7th, MTDR stock opened at $50.07.
Matador Resources has a diverse selection of interests across various market segments within the industry; more specifically, it focuses on exploring and acquiring oil and natural gas resources through its Exploration and Production segment, while offering midstream infrastructure support services under its Midstream segment.
Despite the turbulence caused by COVID-19 over the past year or so, insiders have shown significant confidence in the company via purchasing activity within current trading conditions: Billy E. Goodwin (an insider) bought 1k shares at an average cost of $44.52 per share back in March – adding an overall value of some $44,520 to his portfolio.
Recent moves by hedge funds signal further confidence in Matador’s potential growth moving forward; with Fifth Third Bancorp, Versant Capital Management and EverSource Wealth Advisors all making sizable investments in the company.