Siebert Williams Shank & Co analyst Gabriele Sorbara has maintained their bullish stance on MTDR stock, giving a Buy rating yesterday.
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Gabriele Sorbara has given his Buy rating due to a combination of factors despite Matador Resources delivering below-expected results for the fourth quarter of 2024. Although the company reported lower-than-anticipated oil production and higher capital expenditures, Sorbara views this momentary setback as a potential buying opportunity due to Matador’s strong execution history.
Matador Resources is valued for its high-quality assets in the Delaware Basin, including a significant number of drilling locations, which ensure a long operational runway. Furthermore, the company boasts a robust balance sheet with low leverage and possesses valuable midstream optionality, which adds to its premium valuation and attractiveness as a potential acquisition target. These strengths underpin Sorbara’s decision to maintain a Buy rating on the stock.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $72.00 price target.
Based on the recent corporate insider activity of 56 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.