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Stock impact report

Benchmark Sees Midstream Monetization Unlocking Value for Matador Resources (MTDR) [Yahoo! Finance]

Matador Resources Company (MTDR) 
Last matador resources company earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.matadorresources.com
Company Research Source: Yahoo! Finance
on Matador Resources Company (NYSE:MTDR) with a $62 price target, although lowering its fourth-quarter EBITDA projection. The firm cut its EBITDA outlook to $494 million from $571 million, noting weaker mark-to-market commodities and pricing disparities. On the other hand, Benchmark boosted its output and capital expenditure forecasts in response to faster cycle times that surpassed the upper limit of projections. As Five Point, a private equity partner, chooses to hold onto a 49% ownership in Matador Resources Company (NYSE:MTDR), Benchmark anticipates a midstream monetization this year. The net proceeds would be used to finance future expansion and lower borrowings on the San Mateo revolver. According to Benchmark, the current setup, which assigns an upstream multiple to almost $300 million of midstream EBITDA, would be more competitive compared to a higher-multiple midstream structure. Matador Resources Company (NYSE:MTDR) is an independent U.S. energy firm that explores, dev Show less Read more
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