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UPDATE: Jefferies Maintains Matador Resources at Buy Post Analyst Day

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Matador Resources Company Announces Commencement of 7M Common Stock Offering

Jefferies reiterated its Buy rating and $13 price target on Matador Resources (NYSE: MTDR).

Jefferies commented, "Slower than expected oil growth in 2013 is a side effect of efficient development techniques (pad drilling and zipper fracking) and is not a reflection on asset quality, in our view, but we look to the reserve report for confirmation. Reserve growth is also key to maintaining adequate liquidity. Macro takeaway: Some Haynesville drilling could resume at $3.50/mcf gas given reduced costs. This underscores the resilience of nat gas supply."

Matador Resources closed at $8.24 on Thursday.

Latest Ratings for MTDR

DateFirmActionFromTo
Apr 2015SunTrust Robinson HumphreyMaintainsBuy
Mar 2015Global HunterInitiates Coverage on
Mar 2015KLR GroupDowngradesAccumulateHold

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Posted-In: JefferiesAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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