Matador Resources (MTDR) Update - July 22

[dan_s]

MTDR was trading at $47.60 at the time of this post.

My updated current valuation is $88.00.

After Q1 2022 about 45% of their oil was hedged for the remainder of 2022 with collars that have ceilings of $110.19/bbl. About 57% of their ngas is hedged with collars that have $5.73 ceilings.

The Company should generate $1.4 to $1.5 billion of FCF this year.

TipRanks: "On July 19, 2022 Truist Securities analyst Neal Dingmann raised the price target on Matador Resources Company (NYSE: MTDR) to $89.00 (from $86.00) while maintaining a Buy rating."