Matador initiated with a Buy at BofA on ‘diverse growth options’

As previously reported, BofA analyst Noah Hungness initiated coverage of Matador (MTDR) with a Buy rating and $56 price target The mid-cap oil-focused exploration and production company has diverse growth options that set it apart from other E&Ps including developing its low breakeven E&P assets, share repurchases, expanding its midstream footprint and inorganic growth, says the analyst, who also cites the company’s experienced management team.