Matador Resources Gets a Buy Rating from SunTrust Robinson

By Austin Angelo

SunTrust Robinson analyst Neal Dingmann reiterated a Buy rating on Matador Resources (NYSE: MTDR) today and set a price target of $42. The company’s shares opened today at $31.53.

According to TipRanks.com, Dingmann is ranked 0 out of 5 stars with an average return of -2.4% and a 47.2% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Penn Virginia Corporation, and Goodrich Petroleum Corp.

Currently, the analyst consensus on Matador Resources is Strong Buy and the average price target is $37.50, representing a 18.9% upside.

In a report issued on April 13, RBC Capital also reiterated a Buy rating on the stock with a $39 price target.

The company has a one-year high of $33.96 and a one-year low of $20.13. Currently, Matador Resources has an average volume of 1.22M.

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Matador Resources Co. is an independent energy company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through Exploration and Production, and Midstream segments.