MTDR
Matador Resources (NYSE: MTDR) announced a major asset sale involving Vinson & Elkins advising Paloma...
Article Summary
BUY- Matador Resources (NYSE: MTDR) announced a major asset sale involving Vinson & Elkins advising Paloma Permian and Ridge Runner Resources II.
- Paloma agreed to sell all its equity interests in Matador for approximately $1.275 billion, including Southeast New Mexico oil and gas assets, with the deal expected to close in the next few months.
- Ridge Runner also announced a $180 million sale of undeveloped Woodford acreage in West Texas and New Mexico.
- The transactions significantly strengthen Matador's position in the Delaware Basin.
- Matador CEO Joseph Wm.
- Foran said Matador Resources Co. is excited about the strategic alignment.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -2.9% | 25% | 0.0 ptsDeclining (-2.9%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 13.3% | 25% | 35.0 ptsBelow Screener (13.3%) - Modest outlook |
| Target Price Upside ? | 36.5% | 20% | 85.0 ptsLarge Upside (36.5%) - Target: $69.90 vs Current: $51.21 |
| Gross Margin % ? | 38.9% | 15% | 60.0 ptsSolid (38.9%) - Decent margins |
| Drawdown from 52-Wk High ? | -23.4% | 15% | 40.0 ptsMild Pullback (-23.4%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About MTDR
- Matador Resources Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas resources in the United States.
- It operates through two segments, Exploration and Production; and Midstream.
- The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
- It also operates the Haynesville shale and Cotton Valley plays in Northwest Louisiana.
- In addition, the company conducts midstream operations in support of its exploration, development, and production operations.
- Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties, as well as sells natural gas to unaffiliated independent marketing companies and unaffiliated midstream companies.
- The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011.
- Matador Resources Company was incorporated in 2003 and is headquartered in Dallas, Texas.