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Shares of Matador Resources (NYSE:MTDR) have earned an average rating of “Buy” from the nineteen ratings firms that are covering the stock, AR Network reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $28.95.

Shares of Matador Resources (NYSE:MTDR) opened at 27.36 on Thursday. Matador Resources has a 1-year low of $15.26 and a 1-year high of $29.94. The stock has a 50-day moving average of $26.51 and a 200-day moving average of $25.72. The company has a market cap of $2.007 billion and a price-to-earnings ratio of 24.54.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 70.3% on a year-over-year basis. On average, analysts predict that Matador Resources will post $1.26 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on MTDR shares. 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 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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