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Fly News Breaks for May 24, 2018
MTDR
May 24, 2018 | 05:14 EDT
Imperial Capital analyst Irene Haas maintains an Outperform rating on Matador Resources with a $43 price target. With the 3.500 net leasehold and mineral acres acquisition completed, the recent equity offering closed, and flow assurance secured, the company is "geared up to execute" for the rest of 2018, Haas tells investors in a research note. She points out that Matador has an additional 10,600 net acres of acquisition under contract. This should complement the company's increasingly "blocky" land base, Haas adds.
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