Matador Resources (NYSE:MTDR) Price Target & New Coverage by Deutsche Bank
Deutsche Bank issued “Hold” rating on Matador Resources (NYSE:MTDR). The firm has initiated coverage on shares of MTDR in a research note made public on Friday morning. Deutsche Bank’s TP would indicate upside of 12.16 % from the company’s last stock close.
According to data compiled by Thomson Reuters, Matador Resources (NYSE:MTDR)’s stock is covered by 19 equity analysts across the Street, with 0 analysts giving it a Sell rating, 13 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $24.53, which reflects an downside potential of 13.50% over the current price.
Beck Mack & Oliver Llc had the largest stake with ownership of 3.47 million shares as of Q2 2015 for 3.05% of the stock exposure. Hodges Capital Management Inc. is another notably bullish investment professional who is possessing 1.78 million shares of Matador Resources or 2.08% of their stock exposure. Further, 1492 Capital Management Llc have 2.03% of their stock exposure invested in the company for 102,227 shares. The Pennsylvania-based fund Conestoga Capital Advisors Llc revealed it had acquired a stake worth about 1.89% of the investment professional’s stock portfolio in Matador Resources. The Texas-based fund Amarillo National Bank is also positive about the stock, possessing 1.13 million shares or 1.61% of their stock exposure.
Matador Resources (NYSE:MTDR) Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream. The Company’s operations are 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.
Matador Resources (NYSE:MTDR) traded up 1.03% on 2 February, hitting $28.36. A total of 421,934 shares of the company’s stock traded hands. This is down from average of 1.33M shares. Matador Resources has a 52 week low of $20.13 and a 52 week high of $29.48. The company has a market cap of $3.08B and a P/E ratio of 14.41.
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