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Fly News Breaks for February 19, 2019
MTDR
Feb 19, 2019 | 07:09 EDT
As previously reported, SunTrust analyst Neal Dingmann upgraded Matador to Buy and raised his price target to $29 from $23. The analyst cites the company's "strong continuous operational strategy" and expects it to become free cash flow positive starting in Q1 of 2020. Dingmann adds that Matador offers "some of the best" extraction ratings in the Permian given the "strong execution/quality rocks". The analyst further states that the company can fund its CAPEX through the "monetization of minerals/royalties" until it reaches cash flow break-even.
News For MTDR From the Last 2 Days
MTDR
Apr 24, 2024 | 06:41 EDT
Mizuho raised the firm's price target on Matador to $78 from $76 and keeps a Buy rating on the shares post the Q1 report. The company "cleared the bar" for guidance with Q2 oil volumes 1% above consensus, the analyst tells investors in a research note.
