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Zacks Investment Research downgraded Matador Resources Co (NYSE:MTDR) to Hold in a report released today.

Zacks Investment Research has downgraded Matador Resources Co(NYSE:MTDR) to Hold in a report released on Tuesday September 20 2016.

On Monday August 8 2016, Imperial Capital reported about Matador Resources Co(NYSE:MTDR) upped the target price from $25.00 to $28.00. At the time, this suggested an upside of 0.28%.

Yesterday Matador Resources Co (NYSE:MTDR) traded 1.50% higher at $21.00. MTDR’s 50-day moving average is $22.53 and its two hundred day average is $21.41. The last close is down 1.90% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the date range. Trading volume was down over the average, with 1,492,243 shares of MTDR changing hands under the typical 1,531,550 shares..

See Chart Below:

Matador Resources Co (NYSE:MTDR)

Matador Resources Co has a one-year low of $11.13 and a one-year high of $28.25 . MTDR’s market capitalization is currently $0.0.

A total of 19 equity analysts have issued a report on Matador Resources Co. One analyst rate the stock a strong buy, 12 analysts rate the stock a buy, six analyts rate the stock a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with an average target of $24.53

More 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, and 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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