BofA lowered the firm’s price target on Matador (MTDR) to $55 from $56 and keeps a Buy rating on the shares ahead of the company reporting Q3 results after market close on October 21. The firm is marking to market its price deck, noting that the main drivers of its price target change are lower 2026 gas prices and weaker natural gas realizations lead by widening Waha differentials.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTDR:
- Matador Resources: Strong Operational Performance and Promising Financial Outlook Justify Buy Rating
- Matador Resources Increases Quarterly Dividend by 20%
- Matador raises quarterly dividend to 37.5c per share from 31.25c
- Matador price target lowered to $76 from $77 at Wells Fargo
- Matador price target lowered to $67 from $69 at Mizuho