Matador Resources Company Reports First Quarter 2024 Financial and Operating Results

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Matador Resources Company (MTDR) PT Raised to $78 at JPMorgan

April 25, 2024 5:03 AM EDT

JPMorgan analyst Arun Jayaram raised the price target on Matador Resources Company (NYSE: MTDR) to $78.00 (from $77.00) while maintaining a Overweight rating.

The analyst comments "MTDR shares underperformed the XOP by 24 bps yesterday following a 1Q cash flow beat and an increase in FY24 production guidance while the capex guide was maintained. We were surprised by the underperformance and heard some pushback from investors on higher 2Q capex and the impact of the acquisition... More

Matador Resources Company (MTDR) PT Raised to $78 at Mizuho

April 24, 2024 5:11 AM EDT

Mizuho analyst Nitin Kumar raised the price target on Matador Resources Company (NYSE: MTDR) to $78.00 (from $76.00) while maintaining a Buy rating.

The analyst comments "Stock Reaction to PR - Modestly Positive. With midstream constraints largely resolved in March, there was much... More