Matador Resources (NASDAQ:MTDR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, AnalystRatings.Net reports. The firm currently has a $24.30 price target on the stock. Zacks‘ price objective indicates a potential upside of 16.71% from the company’s current price.
A number of other analysts have also recently weighed in on MTDR. Analysts at Imperial Capital raised their price target on shares of Matador Resources from $14.00 to $23.00 in a research note to investors on Monday, November 25th. They now have an “in-line” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Matador Resources from $20.00 to $25.00 in a research note to investors on Friday, November 8th. Finally, analysts at Wunderlich raised their price target on shares of Matador Resources from $23.00 to $25.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.48.
Shares of Matador Resources (NASDAQ:MTDR) traded down 2.69% during mid-day trading on Tuesday, hitting $20.26. The stock had a trading volume of 393,985 shares. Matador Resources has a one year low of $7.58 and a one year high of $24.10. The stock’s 50-day moving average is $20.65 and its 200-day moving average is $15.69. The company has a market cap of $1.330 billion and a price-to-earnings ratio of 137.88.
Matador Resources (NASDAQ:MTDR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.01. The company had revenue of $71.40 million for the quarter, compared to the consensus estimate of $66.67 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 151.4% on a year-over-year basis. Analysts expect that Matador Resources will post $1.31 EPS for the current fiscal year.
Matador Resources Company is an energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with a particular focus on oil and natural gas shale plays and other unconventional resource plays.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.