Zacks Investment Research disclosed Matador Resources Co (NYSE:MTDR), hiking its price target to $26.00 earlier today
- Updated: October 9, 2016
Reporting a possible upside of 0.13%, Zacks Investment Research bumped up the target of Matador Resources Co (NYSE:MTDR) to $26.00
Yesterday Matador Resources Co (NYSE:MTDR) traded -1.09% lower at $22.99. The company’s 50-day moving average is $22.78 and its 200-day moving average is $21.68. The last stock close price is up 9.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,477,868 shares of the stock were exchanged, down from an average trading volume of 1,588,290
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Matador Resources Co has a 52 week low of $11.13 and a 52 week high of $28.07 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 19 firms have issued a report 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 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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