KeyBanc lowered the firm’s price target on Matador (MTDR) to $61 from $62 and keeps an Overweight rating on the shares. The firm says its updated estimates reflect KeyBanc’s revised natural gas price forecast. In addition, the firm increases capitalized G&A and interest expenses to account for the recent upward trends.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTDR:
- AST SpaceMobile, Matador, Viper, Northern, Civitas: Trending by Analysts
- 3 Top-Rated Russell 2000 Stocks to Buy Now for Solid Upside Potential
- Matador initiated with an Outperform at William Blair
- William Blair Recommends ‘Buy’ for Matador Resources: Strong Performance and Strategic Growth Highlight Investment Potential
- Matador price target lowered to $48 from $49 at UBS