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Top Independents Operators Oil Stocks to Buy in 2019This summary was created by AI, based on 1 opinions in the last 12 months.
Matador Resources (MTDR-N) operates in the Wolfcamp and Bone Spring plays, facing challenging commodity prices. However, the company recently reported earnings improvements and increased cash reserves. With a low P/E ratio and strong ROE, experts recommend setting a stop-loss at $49 and aiming for an upside potential of 21%. The stock also has a 1.4% yield, making it an attractive option for investors.
(A Top Pick April 2/14. Down 18.73%.) His job it is to watch for change and as he sees change, be able to reposition portfolios as required. Last summer, the US$ started to blast off, which happened at the same time that energy prices started to roll over. He got stopped out of virtually all of his energy exposure, and this was one of the 1st. He came out of it at about $25.
They have strong production growth. New technologies are lowering the cost of production. They will probably lower their cost of production over the next 5 years. A great play on growth in production.
About a 3 billion-dollar market. They will come out of this year with about 22,000 barrels a day and will likely double their production over the next 2 years. They are using technology to do that. Have spent about $440 million next year on CapX. Benefiting from a big drop in the cost of drilling. Bringing on wells in as little as 8 days. They are both in the Permian and Eagle Ford basins. Have over 10 years of drilling targets going forward.
Matador Resources is a American stock, trading under the symbol MTDR-N on the New York Stock Exchange (MTDR). It is usually referred to as NYSE:MTDR or MTDR-N
In the last year, there was no coverage of Matador Resources published on Stockchase.
Matador Resources was recommended as a Top Pick by on . Read the latest stock experts ratings for Matador Resources.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Matador Resources In the last year. It is a trending stock that is worth watching.
On 2024-12-12, Matador Resources (MTDR-N) stock closed at a price of $57.06.
MTDR operates in the prolific liquids rich Wolfcamp and Bone Spring plays. Commodity prices have been challenging this year, but recently reported earnings improvements allowing cash reserves to grow again. It trades at 8x earnings, 1.5x book and supports a 21% ROE. We recommend setting a stop-loss at $49, looking to achieve $74 -- upside potential of 21%. Yield 1.4%
(Analysts’ price target is $74.44)