Matador Resources Company (NYSE:MTDR): According to 13 Analysts, The short term target price has been estimated at $ 25.92.The target price could deviate by a maximum of $3.43 from the forecast price. In the near term, the target price could hit a high of $31 and a low of $ 18.
Many analysts have stated their opinion on the company shares. Sterne Agee CRT initiates coverage on Matador Resources Company (NYSE:MTDR) The current rating of the shares is Buy. The rating by the firm was issued on June 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Foran Joseph Wm, CEO of Matador Resources Co, executed a transaction worth $97,564 on December 14, 2015. A total of 4,657 shares were purchased at an average price of $20.95. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Matador Resources Company (NYSE:MTDR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.19 points or 0.85% at $22.1 with 1,803,927 shares getting traded. Post opening the session at $21.92, the shares hit an intraday low of $21.7001 and an intraday high of $22.295 and the price was in this range throughout the day. The company has a market cap of $2,062 million and the number of outstanding shares have been calculated to be 93,283,434 shares. The 52-week high of Matador Resources Company (NYSE:MTDR) is $28.35 and the 52-week low is $11.13.
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.