UPDATE: Stifel Nicolaus Initiates Buy, $15 Target on Matador Resources Company

Stifel Nicolaus initiates a Buy rating and a price target of $15 on Matador Resources Company

on Eagle Ford liquid growth. Stifel Nicolaus comments, "With the vast majority of its Eagle Ford Shale acreage located in the volatile and black oil windows of the play, Matador Resources exposes investors to one of the biggest and best self-source resource plays in the U.S. This leasehold includes nearly 5,000 net acres in Karnes, Wilson, and Dewitt, counties near some of the most prolific wells in the trend and another 4,500 in northern LaSalle County where the company has completed five strong wells." MTDR closed at $11.49 a share yesterday.