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UPDATE: Wunderlich Securities Initiates Matador Resources at Buy on Good Growth Position

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In a report published Wednesday, Wunderlich Securities analyst Irene O. Haas initiated coverage on Matador Resources (NYSE: MTDR) with a Buy rating and $15.00 price target.

In the report, Wunderlich Securities noted, “We are initiating coverage of Matador Resources Company (MTDR) with a Buy rating and a price target of $15.00. Matador Resources Co., Inc. was founded in July 2003 as a private company, and in February of 2012, the company completed its IPO and raised net proceeds of $136.6 million. Matador has a solid position in the oily portion of the Eagle Ford Play and is drilling resource play targets in the Delaware Basin in the Permian region. For an oily name, MTDR is attractively priced. The team is impressive and seasoned, and while MTDR has just started its Permian projects, with leases in the right zip codes, we expect the Delaware Basin to become a new core area for the company. We would buy this oily small cap positioned to grow.”

Matador Resources closed on Tuesday at $12.08.

Latest Ratings for MTDR

DateFirmActionFromTo
Mar 2021MKM PartnersUpgradesNeutralBuy
Mar 2021Wells FargoDowngradesOverweightEqual-Weight
Feb 2021MKM PartnersDowngradesBuyNeutral

View More Analyst Ratings for MTDR
View the Latest Analyst Ratings

 

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