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Matador Resources Co (NYSE:MTDR) target increased to $27.00, reported today by Zacks Investment Research

Having a price of $24.27, Matador Resources Co (NYSE:MTDR) traded -0.29% lower on the day. The last stock price is up 11.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Matador Resources Co has recorded a 50-day average of $22.84 and a two hundred day average of $21.77. Trade Volume was down over the average, with 1,353,197 shares of MTDR changing hands under the typical 1,587,960

Matador Resources Co (NYSE:MTDR) had its target price raised to $27.00 by Zacks Investment Research in an issued report announced 10/12/2016. The latest stock price target implies a possible upside of 0.11% from the company's last stock close price.

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Matador Resources Co (NYSE:MTDR)

Matador Resources Co has a 52 week low of $11.13 and a 52 week high of $27.68 Matador Resources Co’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 19 brokers have issued a research note on the company. The average stock price target is $24.53 with 1 firm rating the stock a strong buy, 12 equity analysts rating the company a buy, 6 brokerages rating the stock a hold, zero analysts rating the company a underperform, and finally 0 brokers rating the company a sell.

Brief Synopsis 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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