Matador Resources Company (NYSE:MTDR) : 8 brokerage houses believe that Matador Resources Company (NYSE:MTDR) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Matador Resources Company (NYSE:MTDR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 1.71.
Matador Resources Company (NYSE:MTDR) stock is expected to deviate a maximum of $3.38 from the average target price of $25.71 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $31 and the most muted being $18.
For the current week, the company shares have a recommendation consensus of Buy. 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): stock turned positive on Tuesday. Though the stock opened at $20.31, the bulls momentum made the stock top out at $20.52 level for the day. The stock recorded a low of $19.94 and closed the trading day at $20.07, in the green by 2.82%. The total traded volume for the day was 2,144,715. The stock had closed at $19.52 in the previous days trading.
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.