Shares of Matador Resources Company (NYSE:MTDR) traded at a new 12-month high today of $57.69. So far today approximately 625,000 shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.
Matador Resources Company share prices have moved between a 12-month high of $57.69 and a 12-month low of $21.80 and are now trading 155% above that low price at $55.59 per share.
Potential upside of 0.5% exists for Matador Resources Company, based on a current level of $55.59 and analysts’ average consensus price target of $55.86.
Matador Resources Company is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company’s assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business. The company often uses advanced formation evaluation, 3-D seismic technology, horizontal drilling, and hydraulic fracturing technology to enhance the development of the basins in which it operates.
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