In the last 3 months, 9 ranked analysts set 12-month price targets for MTDR. The average price target among the analysts is $31.33.
Since Matador released their Q3 results, First Call's projections for revenue, earnings per share and operating cash flow per share have moved very close to my forecast. First Call's forecast for 2018 EPS have increased from $0.70 to $1.00.
One of our MBA Student Intern has finished his work on the Matador profile and I am reviewing it now.
Matador Resources (MTDR)
Matador Resources (MTDR)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Matador Resources (MTDR)
In the last 3 months, 9 ranked analysts set 12-month price targets for MTDR. The average price target among the analysts is $31.33. The most recent report submitted to Reuters (dated 12/11/17) has a price target of $33.00.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Matador Resources (MTDR)
Dan,
Mark Papa has been particularly positive about his Lea Co. acreage. He considers it the best acreage in his portfolio. During one of his conference calls he spoke of Monster wells drilled in Lea Co. CDEV has one rig drilling on their property and expects to drill four or five wells during the quarter. I expect the Monster wells were drilled by EOG. Is the MTDR property near that of EOG? What mid-sized companies besides MTDR have exposure to these wells. I want to get exposure beyond CDEV and DVN. Would WPX fit. MTDR seems to be a better bet than CDEV. Any other names to look at?
Mark Papa has been particularly positive about his Lea Co. acreage. He considers it the best acreage in his portfolio. During one of his conference calls he spoke of Monster wells drilled in Lea Co. CDEV has one rig drilling on their property and expects to drill four or five wells during the quarter. I expect the Monster wells were drilled by EOG. Is the MTDR property near that of EOG? What mid-sized companies besides MTDR have exposure to these wells. I want to get exposure beyond CDEV and DVN. Would WPX fit. MTDR seems to be a better bet than CDEV. Any other names to look at?
Re: Matador Resources (MTDR)
CDEV is on my radar screen and I plan to take a hard look at it in January when I have a bit more time. Since Mark Papa is running the company I'm sure it gets plenty of analysts coverage and it probably fairly valued.
Go to the Matador website and pull up their November presentation. On slide 6 there is a map of where they are operating. There are more details on slides 12 & 13.
Sweet 16 members CXO, EOG and XEC are out there and they are all HIGH QUALITY companies.
The Northern Delaware is better than the Southern Delaware.
Sweet 16 in the Permian Basin: CPE, CRZO, XEC, CXO, DVN, EOG, FANG, PE, PDCE, PXD and RSPP
Small-Caps in the Permian Basin: ESTE, LPI, MTDR, REI and SM
Go to the Matador website and pull up their November presentation. On slide 6 there is a map of where they are operating. There are more details on slides 12 & 13.
Sweet 16 members CXO, EOG and XEC are out there and they are all HIGH QUALITY companies.
The Northern Delaware is better than the Southern Delaware.
Sweet 16 in the Permian Basin: CPE, CRZO, XEC, CXO, DVN, EOG, FANG, PE, PDCE, PXD and RSPP
Small-Caps in the Permian Basin: ESTE, LPI, MTDR, REI and SM
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group