Matador Resources Company (NYSE:
MTDR) is
one of the best energy stocks to buy for the long term. On July 24, KeyBanc reiterated an ‘Overweight’ rating on the stock and raised the price target to $62 from $60. The price target hike follows the company’s mixed second-quarter results.
Photo by Max Bender on Unsplash
The company announced earnings per share of $1.53, which exceeded the $1.44 that analysts had expected. On the other hand, revenue came in at $815.77 million, compared to the expected $908.61 million. Amid the mixed financial results, KeyBanc reiterated Matador Resources’ drilling efficiencies and strong performance at the Midstream segment.
In addition, the research firm has echoed the company’s track record in returning value to shareholders. Matador Resources has paid dividends for five consecutive years, and the stock currently yields a dividend of 2.47%.
Matador Resources Company (NYSE:MTDR) is an independent energy company focused on the exploration, development, production, and acquisition of oil and natural gas resources in the United States. Its operations are concentrated in the Delaware Basin, located in Southeast New Mexico and West Texas.
While we acknowledge the potential of MTDR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
best short-term AI stock.
READ NEXT: Top 10 Industrial Stocks to Buy Amid Easing Tariff Uncertainties and 12 Best Falling Stocks to Buy Now.
Disclosure: None. This article is originally published at
Insider Monkey.
newsletter][/daily-newsletter]
