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RBC Capital Markets disclosed Matador Resources (NYSE:MTDR), stepping up its target to $30.00 earlier today

Yesterday Matador Resources (NYSE:MTDR) traded 3.23% higher at $28.41. The company’s 50-day moving average is $25.62 and its 200-day moving average is $23.58. The last closing price is up 8.29% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 1,077,872 shares of the stock traded hands, down from an average trading volume of 1,374,880

RBC Capital Markets bumped up the target of Matador Resources (NYSE:MTDR) to $30.00 indicating a possible upside of 0.06%.

Previously on Wednesday November 08, 2017, Imperial Capital reported on Matador Resources (NYSE:MTDR) increased the target price from $35.00 to $36.00. At the time, this indicated a possible upside of 0.36%.

See Chart Below

Matador Resources (NYSE:MTDR)

Matador Resources has a 52 week low of $20.13 and a 52 week high of $28.51 with a P/E ratio of 13.19 The company’s market cap is currently $0.

In addition to RBC Capital Markets 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 segments include exploration and production, and midstream. 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. Additionally, the Company conducts midstream operations primarily, as of February 17, 2017, through its midstream joint venture, San Mateo Midstream, LLC (San Mateo or the Joint Venture).

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