Stifel Ups Matador To Buy, Sees 20% Upside

Matador Resources ( MTDR ) is rising Wednesday, thanks in part to an upgrade from Stifel . Analyst Michael Scialla and his team raised their rating from Hold to Buy, establishing a $25 price target. They write that the stock has lagged its Permian peers lately, partially due to investor concerns about potential balance sheet risk and its 2016 spending, but that its discount has gotten too wide, given its solid track record of execution, and a midstream sale that could close its funding gap. Read More »