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Shares of Matador Resources (NYSE:MTDR) have earned a consensus rating of “Buy” from the nineteen analysts that are covering the stock, AnalystRatings.Net reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.95.

In other Matador Resources news, Director Reynald Baribault acquired 4,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $25.15 per share, with a total value of $100,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at GMP Securities upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $34.00 price target on the stock, up previously from $30.00. Separately, analysts at Zacks upgraded shares of Matador Resources from an “underperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $27.20 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Matador Resources from $34.00 to $37.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock.

Matador Resources (NYSE:MTDR) traded up 0.83% on Thursday, hitting $26.65. The stock had a trading volume of 89,318 shares. Matador Resources has a one year low of $15.26 and a one year high of $29.94. The stock’s 50-day moving average is $26.50 and its 200-day moving average is $25.. The company has a market cap of $1.954 billion and a P/E ratio of 24.36.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.45 earnings per share. Matador Resources’s revenue was up 70.3% compared to the same quarter last year. On average, analysts predict that Matador Resources will post $1.26 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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