Why Matador Resources Stock Surged 20% in May

[ASFN Admin]

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Shares of Matador Resources (NYSE: MTDR) soared 20.8% in May, according to data provided by S&P Global Market Intelligence. Fueling the rally in the oil stock was a historic rebound in oil prices and a bullish analyst note. In early May, an analyst at Imperial Capital raised their price target on Matador's stock from $6 per share to $11 per share.

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