Short Term Rating on Matador Resources Company (MTDR)

Matador Resources Company (MTDR) : The consensus on Matador Resources Company (MTDR) based on 15 analyst recommendation on the company stock is 1.53, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Matador Resources Company (MTDR) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $18. The average forecast of all the analysts is $25.8 and the expected standard deviation is $3.41.

For the current week, the company shares have a recommendation consensus of Buy.


Matador Resources Company (NYSE:MTDR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.79 and $21.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.36, notching a gain of 7.55% for the day. The total traded volume was 1,297,880 . The stock had closed at $20.79 on the previous day.

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.

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