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Stock analysts at Wunderlich lifted their price target on shares of Matador Resources (NYSE:MTDR) from $34.00 to $37.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would indicate a potential upside of 42.69% from the company’s current price.

Several other analysts have also 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. Separately, 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 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. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.81.

Matador Resources (NYSE:MTDR) traded up 2.58% during mid-day trading on Friday, hitting $26.60. The stock had a trading volume of 682,439 shares. Matador Resources has a 52 week low of $14.37 and a 52 week high of $29.94. The stock’s 50-day moving average is $27.28 and its 200-day moving average is $24.99. The company has a market cap of $1.950 billion and a P/E ratio of 23.90.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.04. 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. On average, analysts predict that Matador Resources will post $1.23 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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