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KLR Group upgraded Matador Resources (NYSE:MTDR) from Hold to Accumulate in a report released today.

Yesterday Matador Resources (NYSE:MTDR) traded -5.10% lower at $20.49. The company’s 50-day moving average is $22.70 and its 200-day moving average is $21.43. The last closing price is down -1.08% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,490,504 shares of the stock traded hands, down from an average trading volume of 1,580,790

KLR Group has upgraded Matador Resources (NYSE:MTDR) from Hold to Accumulate in a report released on 9/21/2016.

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Matador Resources (NYSE:MTDR)

Matador Resources has a 52 week low of $11.13 and a 52 week high of $28.25 The company’s market cap is currently $0.

In addition to KLR Group reporting its stock price target, a total of 19 brokers have issued a research note on the company. The average stock price target is $24.53 with 1 broker rating the stock a strong buy, 12 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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