KLR Group downgraded Matador Resources (NYSE:MTDR) from Accumulate to Hold in a report released today.
- Updated: November 28, 2016
Yesterday Matador Resources (NYSE:MTDR) traded -4.33% lower at $25.41. The company’s 50-day moving average is $23.39 and its 200-day moving average is $22.40. The last stock close price is up 8.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 514,863 shares of the stock were exchanged, down from an average trading volume of 1,503,190
KLR Group has downgraded Matador Resources (NYSE:MTDR) from Accumulate to Hold in a report released on 11/28/2016.
Previously on 03/09/2016, Wunderlich reported about Matador Resources (NYSE:MTDR) raised the target price from $21.00 to $25.00. At the time, this indicated a possible upside of 0.38%.
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Matador Resources has a 52 week low of $11.13 and a 52 week high of $26.14 The company’s market cap is currently $0.
In addition to KLR Group reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $24.53 with 1 firm rating the stock a strong buy, 12 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Matador Resources (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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