Deutsche Bank AG recorded Matador Resources Co (NYSE:MTDR), hiking its price target to $28.00 earlier today
- Updated: November 28, 2016
Showing a price of $25.41, Matador Resources Co (NYSE:MTDR) traded -4.33% lower on the day. With the last stock price close up 8.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time period. The company has recorded a 50-day average of $23.39 and a two hundred day average of $22.40. Trade Volume was down over the average, with 514,863 shares of MTDR changing hands under the typical 1,503,190
Deutsche Bank AG bumped up the stock price target of Matador Resources Co (NYSE:MTDR) to $28.00 indicating a possible upside of 0.10%.
Previously on 03/09/2016, Wunderlich released a statement about Matador Resources Co (NYSE:MTDR) upped the target price from $21.00 to $25.00. At the time, this indicated a possible upside of 0.38%.
Matador Resources Co has a 52 week low of $11.13 and a 52 week high of $26.14 The company’s market cap is currently $0.
Also covering Matador Resources Co's target, a total of 19 equity analysts have released a ratings update on MTDR. The 12-month price target is $24.53 with one analyst rating the stock a strong buy, 12 firms rating the stock a buy, 6 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information About Matador Resources Co (NYSE:MTDR)
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company's segment is oil and natural gas exploration and production. The Company's operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. The Company's properties include approximately 39,000 gross (29,300 net) acres in the Eagle Ford shale play in Atascosa, DeWitt, Gonzales, Karnes, La Salle, Wilson and Zavala Counties in South Texas. The Company operates approximately two rigs in the Eagle Ford shale in South Texas.
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