Matador Resources’s “Buy” Rating Reaffirmed at SunTrust (MTDR)
Matador Resources (NASDAQ:MTDR)‘s stock had its “buy” rating reiterated by SunTrust in a research note issued on Friday, AnalystRatingsNetwork.com reports. They currently have a $20.00 target price on the stock. SunTrust’s price target points to a potential upside of 20.70% from the stock’s previous close.
Matador Resources (NASDAQ:MTDR) opened at 16.57 on Friday. Matador Resources has a one year low of $7.58 and a one year high of $17.89. The stock’s 50-day moving average is $16.10 and its 200-day moving average is $11.62. The company’s market cap is $925.3 million.
A number of other firms have also recently commented on MTDR. Analysts at Stifel Nicolaus raised their price target on shares of Matador Resources (NASDAQ:MTDR) from $15.00 to $20.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Matador Resources (NASDAQ:MTDR) from $13.00 to $21.00 in a research note to investors on Thursday, August 29th. They now have a “sector outperform” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Matador Resources (NASDAQ:MTDR) from $13.00 to $14.00 in a research note to investors on Monday, August 12th.
Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.41.
In other Matador Resources news, CEO Joseph Wm Foran purchased 15,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $15.25 per share, with a total value of $228,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Matador Resources Company is an energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with a particular focus on oil and natural gas shale plays and other unconventional resource plays.
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