Matador Resources (NYSE:MTDR) price target upped to $25.68, released a report earlier today by Deutsche Bank
- Updated: November 28, 2016
Reporting a potential upside of 0.01%, Deutsche Bank upped the price target of Matador Resources (NYSE:MTDR) to $25.68
On Wednesday March 09, 2016, Wunderlich released a statement for Matador Resources (NYSE:MTDR) bumped up the target price from $21.00 to $25.00 that suggested an upside of 0.38%.
Having a price of $25.41, Matador Resources (NYSE:MTDR) traded -4.33% lower on the day. The last stock close price is up 8.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. MTDR has recorded a 50-day moving average of $23.39 and a 200-day moving average of $22.40. 514,863 shares of MTDR traded, down from an avg. volume of 1,503,190
With a total market value of $0, Matador Resources has with a one year low of $11.13 and a one year high of $26.14 .
A total of 19 equity analysts have released a research note on the stock. 1 firm rating the stock a strong buy, 12 firms rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $24.53.
More 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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