Matador Resources traded at $60.35 this Friday May 15th, increasing $2.41 or 4.16 percent since the previous trading session. Looking back, over the last four weeks, Matador Resources gained 2.46 percent. Over the last 12 months, its price rose by 35.50 percent. Looking ahead, we forecast Matador Resources to be priced at 54.12 by the end of this quarter and at 50.82 in one year, according to Trading Economics global macro models projections and analysts expectations.
Matador Resources Company is an independent energy company. The Company is 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. Its segments include exploration and production and midstream. The exploration and production segment is engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States and is focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The midstream segment conducts midstream operations in support of the Company's exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.