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Shares of Matador Resources (NYSE:MTDR) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, Stock Ratings News reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.94.

A number of research firms have recently commented on MTDR. Analysts at BMO Capital Markets initiated coverage on shares of Matador Resources in a research note on Friday, April 11th. They set a “market perform” rating and a $28.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Matador Resources from $25.00 to $28.00 in a research note on Tuesday, April 8th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Matador Resources from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. They now have a $26.80 price target on the stock.

Matador Resources (NYSE:MTDR) opened at 28.02 on Monday. Matador Resources has a 52 week low of $8.72 and a 52 week high of $28.92. The stock has a 50-day moving average of $24.86 and a 200-day moving average of $21.44. The company has a market cap of $1.842 billion and a P/E ratio of 36.53.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.03. The company had revenue of $69.70 million for the quarter, compared to the consensus estimate of $70.01 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, analysts predict that Matador Resources will post $1.30 earnings per share for the current fiscal year.

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.

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