Matador Resources Company (NYSE:MTDR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.62 by 13 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Sterne Agee CRT initiates coverage on Matador Resources Company (NYSE:MTDR). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 8, 2016.
Matador Resources Company (NYSE:MTDR) should head towards $25.92 per share according to 13 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $18 per share. The higher price estimate target is at $31 according to the Analysts.
Matador Resources Company (NYSE:MTDR) rose 1.39% or 0.31 points on Tuesday and made its way into the gainers of the day. After trading began at $22.18 the stock was seen hitting $22.76 as a peak level and $21.63 as the lowest level. The stock ended up at $22.69. The daily volume was measured at 1,133,719 shares. The 52-week high of the share price is $28.25 and the 52-week low is $11.13. The company has a market cap of $2,117 million.
Shares of Matador Resources Company rose by 2.76% in the last five trading days and 2.95% for the last 4 weeks. Matador Resources Company is up 9.4% in the last 3-month period. Year-to-Date the stock performance stands at 14.77%.
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.