Raymond James lowered the firm’s price target on Matador (MTDR) to $55 from $60 and keeps an Outperform rating on the shares. The firm is supportive of Matador’s decision to reduce activity in this much weaker commodity environment, with plans to drop from 9 rigs to 8 rigs by mid-2025, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTDR:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue