Mizuho Securities Starts Matador Resources Company (MTDR) at Neutral

October 5, 2016 4:11 PM EDT
Get Alerts MTDR Hot Sheet
Price: $23.31 -3.32%

Rating Summary:
    15 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Mizuho Securities initiates coverage on Matador Resources Company (NYSE: MTDR) with a Neutral rating and a price target of $25.00.

Analyst Timothy Rezvan commented, "Buster Poindexter references may be lame, but industry interest for Delaware Basin acreage is anything but lame. Matador has benefitted from an industry-wide land grab for core acreage on the Permian's western flank. We like management and the company's acreage footprint, but see no near-term idiosynacratic catalysts for MTDR shares. We believe expectations for a sale of Rustler Breaks is reflected in the stock, whose multiple looks rich (14x 2017E EV/EBITDA, four turns above group average)."

For an analyst ratings summary and ratings history on Matador Resources Company click here. For more ratings news on Matador Resources Company click here.

Shares of Matador Resources Company closed at $22.99 yesterday.

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