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Investment analysts at Capital One Financial Corp. assumed coverage on shares of Matador Resources (NYSE:MTDR) in a note issued to investors on Tuesday. The firm set an “overweight” rating and a $32.00 price target on the stock. Capital One Financial Corp.’s target price would suggest a potential upside of 9.29% from the stock’s previous close.

Shares of Matador Resources (NYSE:MTDR) opened at 29.28 on Tuesday. Matador Resources has a 52-week low of $11.49 and a 52-week high of $29.36. The stock’s 50-day moving average is $26.27 and its 200-day moving average is $23.56. The company has a market cap of $1.927 billion and a P/E ratio of 23.35.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.04. The company had revenue of $78.90 million for the quarter, compared to the consensus estimate of $77.57 million. During the same quarter last year, the company posted ($0.28) earnings per share. Matador Resources’s revenue was up 33.1% compared to the same quarter last year. Analysts expect that Matador Resources will post $1.21 EPS for the current fiscal year.

A number of other firms have also recently commented on MTDR. Analysts at Canaccord Genuity initiated coverage on shares of Matador Resources in a research note on Tuesday. They set a “buy” rating and a $33.00 price target on the stock. Separately, analysts at GMP Securities initiated coverage on shares of Matador Resources in a research note on Tuesday, June 24th. They set a “hold” rating and a $30.00 price target on the stock. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of Matador Resources in a research note on Friday, May 23rd. They now have a $31.00 price target on the stock, down previously from $32.00. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Matador Resources currently has an average rating of “Buy” and an average price target of $28.14.

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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