Why Matador Resources (MTDR) is One of the Top Wonderful Stocks to Buy Now

Matador Resources Company (NYSE:MTDR) is one of the top wonderful stocks to buy now. Morgan Stanley cut the price target on Matador Resources Company (NYSE:MTDR) to $66 from $75 on June 29 while maintaining an Equal Weight rating on the shares. The firm stated that since the announcement of a memorandum of understanding between Iran and the United States on June 14, oil prices have declined, with WTI now sitting only slightly above pre-conflict levels. The firm thus refreshed its estimates for the latest energy prices.

Matador Resources Company (MTDR): Among Stocks with Consistent Growth to Buy Now

Matador Resources Company (NYSE:MTDR) also received a rating update from Roth Capital on June 22. The firm upgraded the stock to Buy from Neutral, keeping the price target the same at $65. Roth Capital upgraded a handful of exploration and production names, telling investors in a research note that oil prices are close to a near-term bottom with a potential Iran ceasefire “seeming tenuous.” It added that a bunch of oil-focused E&P stocks have pulled back by 15%-25% from year-to-date highs and are more attractive at current levels.

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.

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