Matador Resources started Buy at Citi on competitive advantages, operational efficiency
Citi initiated coverage of Matador Resources with a Buy rating and a $53 price target, citing its competitive advantages and operational efficiency. Analysts highlight Matador's consistent well results, vertical integration, and cost reductions, projecting $500 million in free cash flow for strategic uses. Despite risks like limited geographic diversification and range-bound oil pricing, Matador's growth narrative and asset management provide resilience against market volatility.
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