Roth MKM Sticks to Their Buy Rating for Matador Resources (MTDR)

In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Matador Resources, with a price target of $55.00. The company’s shares closed today at $43.14.

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Mariani covers the Energy sector, focusing on stocks such as California Resources Corp, Sable Offshore, and EQT. According to TipRanks, Mariani has an average return of 25.5% and a 56.59% success rate on recommended stocks.

In addition to Roth MKM, Matador Resources also received a Buy from KeyBanc’s Tim Rezvan in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on Matador Resources (NYSE: MTDR).

Based on Matador Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $925.68 million and a net profit of $150.23 million. In comparison, last year the company earned a revenue of $855.2 million and had a net profit of $228.77 million

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MTDR in relation to earlier this year. Last month, Bryan A Erman, the Co-President,CLO & Head of M&A of MTDR bought 500.00 shares for a total of $23,995.00.