Matador Resources Company (NYSE:MTDR) : 14 Wall Street analysts covering Matador Resources Company (NYSE: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 has lost 12.85% in the last five trading days and dropped 13.39% in the last 4 weeks. Matador Resources Company is up 4.49% in the last 3-month period. Year-to-Date the stock performance stands at 0.15%. Also, Barclays initiates coverage on Matador Resources Company (NYSE:MTDR) In a research note issued to the investors, the brokerage major announces price-target of $23 per share.The shares have been rated Equal-weight. The rating by the firm was issued on June 21, 2016.
Matador Resources Company (NYSE:MTDR) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Matador Resources Company (NYSE:MTDR): The stock opened at $21.13 on Thursday but the bulls could not build on the opening and the stock topped out at $21.14 for the day. The stock traded down to $19.61 during the day, due to lack of any buying support eventually closed down at $19.80 with a loss of -6.47% for the day. The stock had closed at $21.17 on the previous day. The total traded volume was 3,336,434 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Matador Resources Co, Foran Joseph Wm had purchased shares worth of $97,564 in a transaction dated on December 14, 2015. A total of 4,657 shares were purchased at a price of $20.95 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.