Matador Resources Company (MTDR) : The consensus on Matador Resources Company (MTDR) based on 14 analyst recommendation on the company stock is 1.57, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Matador Resources Company (MTDR) : 14 Wall Street analysts covering Matador Resources Company (MTDR) believe that the average level the stock could reach for the short term is $25.71. The maximum price target given is $31 and the minimum target for short term is around $18, hence the standard deviation is calculated at $3.38.
Matador Resources Company (NYSE:MTDR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.62 and $19.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.24, notching a gain of 2.43% for the day. The total traded volume was 1,157,240 . The stock had closed at $19.76 on the previous day.
Also, In the latest statement by the brokerage house, Stifel Nicolaus upgrades its outlook on Matador Resources Company (NYSE:MTDR). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on June 29, 2016. The company shares have dropped -12.53% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $28.25 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $22.09 and the 200 Day Moving Average price is recorded at $19.20.
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.