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Matador Resources (NYSE:MTDR) announced its earnings results on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.04, American Banking News reports. The company had revenue of $99.10 million for the quarter, compared to the consensus estimate of $90.12 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 70.3% on a year-over-year basis.

Several analysts have recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of Matador Resources from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $32.00 price target on the stock, up previously from $28.00. On the ratings front, analysts at Stifel Nicolaus downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. They now have a $24.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.43.

Shares of Matador Resources (NYSE:MTDR) traded up 0.99% on Wednesday, hitting $26.46. The stock had a trading volume of 674,761 shares. Matador Resources has a 52 week low of $13.44 and a 52 week high of $29.94. The stock has a 50-day moving average of $27.37 and a 200-day moving average of $24.97. The company has a market cap of $1.741 billion and a P/E ratio of 20.89.

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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