Citi raised the firm’s price target on Matador (MTDR) to $77 from $62 and keeps a Buy rating on the shares. The firm updated small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi believes oil weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.”
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Read More on MTDR:
- Matador price target raised to $73 from $52 at Morgan Stanley
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