Roth MKM raised the firm’s price target on Matador (MTDR) to $73 from $72 and keeps a Buy rating on the shares following the company’s Q4 report. The firm says Matador’s Q1 production guidance is 3% below consensus while its 2025 production outlook is inline. The analyst cites higher cash flow for the target bump and believes Ameredev synergies are taking hold.
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Read More on MTDR:
- Buy Rating Maintained on Matador Resources Despite Q4 Setbacks Due to Strong Asset Base and Balance Sheet
- Matador Resources Reports Strong 2024 Financial Results
- Matador reports Q4 adjusted EPS $1.83, consensus $1.75
- Matador sees FY25 oil production 120K-124K boe/d
- Matador options imply 4.2% move in share price post-earnings
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