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 1.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.98%, 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 2.42% in the last 1 week, and is up 3.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Matador Resources Company (NYSE:MTDR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.43 and $20.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.60, notching a gain of 1.93% for the day. The total traded volume was 1,635,345 . The stock had closed at $21.19 on the previous day.
The stock has recorded a 20-day Moving Average of 3.22% and the 50-Day Moving Average is 0.25%. Matador Resources Company is up 7.57% in the last 3-month period. Year-to-Date the stock performance stands at 9.26%.
Matador Resources Company (MTDR) : The highest short term price target forecast on Matador Resources Company (MTDR) is $31 and the lowest target price is $18. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $26.66 with a standard deviation of $3.59.
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.