10 Best Momentum Stocks to Buy According to Analysts 

7. Matador Resources Company (NYSE:MTDR)

Analyst Upside: 31.53%

Matador Resources Company (NYSE:MTDR) is one of the best momentum stocks to buy according to analysts. Morgan Stanley lifted the price target on Matador Resources Company (NYSE:MTDR) to $75 from $73 on May 22, maintaining an Equal Weight rating on the shares.

In a separate development, Matador Resources Company (NYSE:MTDR) announced on May 21 the successful bolt-on acquisition of 5,154 net undeveloped acres in the core of the Delaware Basin as part of the Bureau of Land Management Oil and Gas Lease Sale.

Joseph Wm. Foran, Matador Resources Company’s (NYSE:MTDR) Founder, Chairman and CEO, stated that the undeveloped acres are all in the ‘core-of-the-core’ of the Delaware Basin, and are “strategic and highly complementary” to the company’s current acreage position. Management added that the acquisition extends the duration and amount of the company’s high-quality inventory and reserve base while also enhancing its current assets with increased operating efficiencies. It added that Matador Resources Company (NYSE:MTDR) has fully repaid its reserve-based lending facility, which provides it with ample liquidity for the transaction.

Matador Resources Company (NYSE:MTDR) is involved in the development, exploration, production, and acquisition of oil and natural gas resources. Its operations are divided into the following segments: Exploration and Production, Midstream, and Corporate.