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Matador Resources (NASDAQ:MTDR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, AmericanBankingNews.com reports. The firm currently has a $24.30 price target on the stock. Zacks‘ price objective points to a potential upside of 11.57% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital Partners raised their price target on shares of Matador Resources from $24.00 to $26.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Matador Resources from $25.00 to $27.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Matador Resources in a research note on Thursday, January 30th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $22.25.

Matador Resources (NASDAQ:MTDR) traded down 1.67% during mid-day trading on Monday, hitting $21.78. 809,109 shares of the company’s stock traded hands. Matador Resources has a 1-year low of $7.66 and a 1-year high of $24.10. The stock has a 50-day moving average of $19.54 and a 200-day moving average of $18.49. The company has a market cap of $1.429 billion and a price-to-earnings ratio of 146.69.

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.

To view Zacks’ full report, visit www.zacks.com

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