Matador Resources (MTDR) Update - April 14

dan_s · Post by **dan_s** » Tue Apr 14, 2020 10:45 am

From Stifel: Matador Resources Company (MTDR, $3.38, Hold; Target $4.00)

Company-Best Wells Turned Inline - Michael S. Scialla
Initial rates from the first six Rodney Robinson wells suggest they are the company's strongest producers to date.
Updated guidance causes us to reduce our 2020 capex forecast 2% below consensus and raise our 2020 CFPS estimate 6%, 15% above consensus.