RBC Capital analyst Scott Hanold lowered the firm’s price target on Matador (MTDR) to $62 from $70 and keeps an Outperform rating on the shares. The company is confident in its financial position and believes market disruptions provide long-term opportunities, the analyst tells investors in a research note. RBC adds that it does not expect the company to reduce its current activity pace unless WTI oil prices fall sustainably below $60 per barrel.
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