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Shares of Matador Resources (NYSE:MTDR) have been given an average recommendation of “Buy” by the nineteen ratings firms that are currently covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.08.

Several analysts have recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Matador Resources from $31.00 to $34.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Matador Resources from a “neutral” rating to an “underperform” rating in a research note on Friday, July 11th. They now have a $25.30 price target on the stock. Finally, analysts at Capital One Financial Corp. initiated coverage on shares of Matador Resources in a research note on Tuesday, July 1st. They set an “overweight” rating and a $32.00 price target on the stock.

Shares of Matador Resources (NYSE:MTDR) opened at 27.26 on Friday. Matador Resources has a 52-week low of $12.67 and a 52-week high of $29.94. The stock’s 50-day moving average is $27.0 and its 200-day moving average is $24.34. The company has a market cap of $1.794 billion and a P/E ratio of 21.28.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Analysts expect that Matador Resources will post $1.23 EPS 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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