MTDR - Shares of Matador Resources Company (MTDR) Rise to a New 52-Week High
Shares of Matador Resources Company (NYSE:MTDR) traded at a new 52-week high today of $66.33. So far today approximately 566,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Based on a current price of $66.16, Matador Resources Company is currently 23.7% above its average consensus analyst price target of $50.47.
Matador Resources Co 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.
In the past 52 weeks, Matador Resources Company share prices are bracketed by a low of $24.76 and a high of $66.33 and is now at $66.16, 167% above that low price.
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