Matador Resources (MTDR) Price Targets - July 30

[dan_s]

We will be publishing an updated profile on MTDR on Monday, July 31

MTDR closed at $53.77 on July 28.

TipRanks: "Since July 11th, 4 ranked analysts set 12-month price targets for MTDR. The average price target among the analysts is $72.25. The four price targets from oldest to most recent are $70, $74, $81, and $76." < The most recent is from Neal Dingmann at Truist Financial on 7/27/2023 who raised his price target to $76 from $70."

Since Matador announced Q2 results, First Call's Q3 EPS forecast has increased to $1.49. < Compares to my Q3 forecast of $1.68 EPS and $3.78 operating CFPS.

My current valuation of MTDR, based on 4.75 X annualized operating cash flow per share, is $83.50. < I now expect that the Company's 2023 YE reserve report will show a PV10 Net Asset Value at or above my valuation.