Matador Resources Company (MTDR) : Traders are bullish on Matador Resources Company (MTDR) as it has outperformed the S&P 500 by a wide margin of 13.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.62% in the last 1 week, and is up 13.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 7.31% and the fifty day Moving Average is 10.82%. Matador Resources Company is up 6.36% in the last three month period. Year-to-Date the stock performance stands at 20.89%.
Matador Resources Company (MTDR) : The highest level Matador Resources Company (MTDR) is projected to reach is $31 for the short term and the lowest estimate is at $18. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $26.83 and the possibility the share price can swing is $3.8.
Matador Resources Company (NYSE:MTDR): stock turned positive on Friday. Though the stock opened at $23.83, the bulls momentum made the stock top out at $24.38 level for the day. The stock recorded a low of $23.52 and closed the trading day at $23.9, in the green by 1.27%. The total traded volume for the day was 1,438,147. The stock had closed at $23.6 in the previous days trading.
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 Companys operations are focused primarily on the oil and liquids portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition, it has an exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale. The Company is the operator for over 90% of its Eagle Ford acreage and approximately two-thirds of its Haynesville acreage, including approximately 36% of its acreage. It has approximately 152,400 gross (85,400 net) acres, in the Permian Basin.