RBC Capital analyst Scott Hanold maintained a Buy rating on Matador Resources (NYSE:MTDR) Company on Thursday, setting a price target of $40, which is approximately 18.91% above the present share price of $33.64.
Hanold expects Matador Resources Company to post earnings per share (EPS) of $0.52 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Matador Resources, with an average price target of $37.13.
The analysts price targets range from a high of $43 to a low of $32.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $266.85 million and a net profit of $92.66 million. The company's market cap is $3.93 billion.
According to TipRanks.com, RBC Capital analyst Scott Hanold is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 45.76% success rate.
Matador Resources Co . is a holding company engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration & Production; and Midstream. The Exploration & Production segment is engaged in the acquisition, exploration and development of oil and natural gas properties and is currently focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Midstream segment conducts midstream operations in support of the company's exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and salt water gathering services and salt water disposal services to third parties. The company was founded by Joseph William Foran and Scott E. King in July 2003 and is headquartered in Dallas, TX.