Matador Resources Company Reports Fourth Quarter and Full Year 2016 Results and Provides Operational Update and 2017 Guidance

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Go back to Matador Resources Company Reports Fourth Quarter and Full Year 2016 Results and Provides Operational Update and 2017 Guidance

Matador Resources Company (MTDR) PT Raised to $36 at Stifel

February 23, 2017 8:49 AM EST

Stifel raised its price target on Matador Resources Company (NYSE: MTDR) to $36.00 (from $33.00) while maintaining a Buy rating. MTDR announced 2017 production guidance of 33.4-35.1 MBoe/d.

Analyst Michael Scialla commented, "4Q16 EPS/CFPS of $0.08/$0.49 compared with consensus of $0.08/$0.47 and our estimate $0.14/$0.47. CFPS beat... More