Matador price target lowered to $62 from $70 at RBC Capital - Overpasses For America

Matador price target lowered to $62 from $70 at RBC Capital - Overpasses For America

price target on Matador (MTDR) to $62 from $70 and keeps an Outperform rating on the shares. The company is confident in its financial position and believes market disruptions provide long-term opportunities, the analyst tells investors in a research note. RBC adds that it does not expect the company to reduce its current activity pace unless WTI oil prices fall sustainably below $60 per barrel. Published first on TheFly – the ultimate source fo…