Shares of Matador Resources Company (NYSE:MTDR) have received a consensus recommendation of “Buy” from the eighteen analysts that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.48.

A number of research firms have commented on MTDR. Scotiabank set a $26.00 price objective on shares of Matador Resources Company and gave the stock a “buy” rating in a report on Saturday, July 1st. BMO Capital Markets set a $23.00 price objective on shares of Matador Resources Company and gave the stock a “buy” rating in a report on Monday, June 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Matador Resources Company in a report on Friday, June 16th. ValuEngine raised shares of Matador Resources Company from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group began coverage on shares of Matador Resources Company in a report on Thursday, June 1st. They issued an “outperform” rating and a $34.00 price objective for the company.

In related news, Director Julia P. Forrester acquired 1,255 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average cost of $23.96 per share, for a total transaction of $30,069.80. Following the completion of the purchase, the director now directly owns 3,399 shares in the company, valued at $81,440.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.12, for a total transaction of $254,320.00. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Matador Resources Company by 46,974.5% in the first quarter. BlackRock Inc. now owns 6,619,149 shares of the energy company’s stock valued at $157,472,000 after buying an additional 6,605,088 shares during the period. Teachers Advisors LLC boosted its stake in shares of Matador Resources Company by 31.3% in the fourth quarter. Teachers Advisors LLC now owns 3,519,156 shares of the energy company’s stock valued at $90,653,000 after buying an additional 839,913 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Matador Resources Company by 31.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,683,690 shares of the energy company’s stock valued at $63,845,000 after buying an additional 646,890 shares during the period. CWM LLC boosted its stake in shares of Matador Resources Company by 1,161.2% in the first quarter. CWM LLC now owns 627,291 shares of the energy company’s stock valued at $14,923,000 after buying an additional 577,554 shares during the period. Finally, Beck Mack & Oliver LLC boosted its stake in shares of Matador Resources Company by 14.7% in the first quarter. Beck Mack & Oliver LLC now owns 3,979,593 shares of the energy company’s stock valued at $94,675,000 after buying an additional 509,762 shares during the period. Hedge funds and other institutional investors own 86.72% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Analysts Set Matador Resources Company (MTDR) PT at $29.28” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/07/16/analysts-set-matador-resources-company-mtdr-price-target-at-29-28-updated-updated.html.

Shares of Matador Resources Company (MTDR) traded up 1.02% on Friday, hitting $22.76. 1,561,218 shares of the stock traded hands. Matador Resources Company has a 12-month low of $18.56 and a 12-month high of $28.51. The firm has a market cap of $2.28 billion, a P/E ratio of 36.13 and a beta of 1.18. The firm’s 50-day moving average is $22.64 and its 200 day moving average is $24.04.

About Matador Resources Company

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. The Company’s segments include exploration and production, and midstream.

Analyst Recommendations for Matador Resources Company (NYSE:MTDR)

Receive News & Stock Ratings for Matador Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources Company and related stocks with our FREE daily email newsletter.