Matador Resources Company press release
Matador Resources Company: 52-Week High Recently Eclipsed (MTDR)
NYSE - New York Stock Exchange · Oil · Natural Gas · Natural Gas Liquids · United States
Shares of Matador Resources Company (NYSE:MTDR)traded today at $57.50, eclipsing its 52-week high. Approximately 610,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.
Matador Resources Company share prices have moved between a 52-week high of $57.50 and a 52-week low of $21.55 and are now trading 166% above that low price at $57.28 per share.
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.
Based on a current price of $57.28, Matador Resources Company is currently 6.7% above its average consensus analyst price target of $53.41.
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