Matador Resources Co (NYSE:MTDR) had its price target hoisted by KLR Group from $24.00 to $25.00 in a research note released on Wednesday, May 10th. The firm currently has a hold rating on the energy company’s stock.
A number of other analysts also recently weighed in on MTDR. Canaccord Genuity reaffirmed a hold rating and set a $24.00 price target on shares of Matador Resources in a report on Thursday, January 12th. Tudor Pickering began coverage on shares of Matador Resources in a research report on Friday, January 20th. They set a buy rating for the company. Raymond James Financial, Inc. started coverage on shares of Matador Resources in a research report on Monday, January 23rd. They set an outperform rating and a $31.00 price objective for the company. Barclays PLC upped their price target on shares of Matador Resources from $22.00 to $25.00 and gave the company an equal weight rating in a research report on Thursday, January 26th. Finally, Zacks Investment Research cut shares of Matador Resources from a buy rating to a hold rating in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Matador Resources presently has a consensus rating of Buy and a consensus price target of $28.98.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, February 22nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The firm had revenue of $94.80 million during the quarter, compared to the consensus estimate of $90.85 million. Matador Resources had a negative net margin of 176.09% and a negative return on equity of 1.60%. The business’s revenue for the quarter was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS.
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In other news, Director Julia P. Forrester purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were bought at an average price of $24.72 per share, for a total transaction of $49,440.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $49,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth L. Stewart purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was purchased at an average price of $24.23 per share, for a total transaction of $242,300.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $242,300. The disclosure for this purchase can be found here. 12.70% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in Matador Resources by 0.9% in the third quarter. California State Teachers Retirement System now owns 175,746 shares of the energy company’s stock valued at $4,278,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC bought a new position in Matador Resources during the third quarter valued at about $478,000. BlackRock Group LTD boosted its position in Matador Resources by 88.1% in the third quarter. BlackRock Group LTD now owns 210,709 shares of the energy company’s stock valued at $5,127,000 after buying an additional 98,669 shares in the last quarter. Rhumbline Advisers boosted its position in Matador Resources by 2.7% in the third quarter. Rhumbline Advisers now owns 86,756 shares of the energy company’s stock valued at $2,112,000 after buying an additional 2,285 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Matador Resources by 77.4% in the third quarter. New York State Common Retirement Fund now owns 187,288 shares of the energy company’s stock valued at $4,559,000 after buying an additional 81,707 shares in the last quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.
Matador Resources Company Profile
Matador Resources Company is an independent energy company 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. The Company’s segments include exploration and production, and midstream.
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