Wells Fargo lowered the firm’s price target on Matador (MTDR) to $86 from $87 and keeps an Overweight rating on the shares. The firm expects solid execution with in-line Q1 production and financial results. Key investor focus areas include the 2025 production trajectory and activity cadence, the magnitude and pace of share buybacks, and Matador’s flexibility under downside scenarios, Wells notes.
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 , and find the ideal broker for your trades.
Report an Issue