Zacks Investment Research downgraded Matador Resources Co (NYSE:MTDR) to Hold in a report released today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded Matador Resources Co (NYSE:MTDR) to Hold in a report released on Thursday October 06, 2016.
Previously on 10/06/2016, Mizuho Securities reported on Matador Resources Co (NYSE:MTDR) increased the target price from $0.00 to $25.00. At the time, this indicated a possible upside of 0.05%.
Just yesterday Matador Resources Co (NYSE:MTDR) traded 0.50% higher at $23.82. MTDR’s 50-day average is $22.80 and its two hundred day average is $21.65. With the last stock price close up 10.56% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 1,541,604 shares of MTDR changing hands under the typical 1,586,720
With a total market value of $0, Matador Resources Co has with a one year low of $11.13 and a one year high of $28.25 .
A total of 19 equity analysts have released a ratings update on MTDR. One equity analyst rating the company a strong buy, twelve equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $24.53.
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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