Roth Capital lowered the firm’s price target on Matador (MTDR) to $65 from $68 and keeps a Buy rating on the shares following the Q1 report. Matador’s 2025 production guidance was also reduced by 2.4% at the midpoint and its 2025 oil production guidance was cut by 3.3%, the analyst tells investors in a research note. The firm reduced estimates to reflect the lower production but notes Matador trades at a below-peer multiple.
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