Matador Resources +4% as Wunderlich lifts price target


Matador Resources' (MTDR +4%) price target is raised to $34 at Wunderlich, which notes that while the Midland Basin has been hot in the last 18 months, it expects more drilling catalysts coming from the Delaware Basin this quarter.

MTDR is leveraged to the Delaware Basin, and down-spacing test results, which may be available soon, could be a positive catalyst for the company and other producers in the region, according to Wunderlich.

The firm says MTDR's valuation is still very attractive, trading below the peer average at 5.2x 2015 cash flow and 5.5x 2015 EV/EBITDA.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs