William Blair Initiates Coverage of Matador Resources Company (MTDR) With an Outperform Rating

Matador Resources Company (NYSE:MTDR) is one of the best high growth NYSE stocks that are profitable. On August 25, William Blair analyst Neal Dingmann initiated coverage of Matador Resources Company (NYSE:MTDR) with an Outperform rating.

The firm told investors that it believes the company will continue to benefit from the aptitude of founder and CEO Joe Foran and team.

The analyst also stated that Matador Resources Company’s (NYSE:MTDR) successful historical track record and its leading operational efficiencies deserve a premium compared to similarly sized peers.

He believes that Matador Resources Company (NYSE:MTDR) may trade as high as a 5.0-times multiple and 11% yield, implying an equally weighted fair value of $70 per share, or 51% upside.

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

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Disclosure: None. This article is originally published at Insider Monkey.