A number of other research analysts also recently issued reports on MTDR. Northland Securities restated a buy rating and set a $33.00 price target on shares of Matador Resources in a research note on Tuesday. Zacks Investment Research downgraded Matador Resources from a hold rating to a sell rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $29.00 price target on Matador Resources and gave the stock a buy rating in a research note on Thursday, August 3rd. Bank of America Corporation started coverage on Matador Resources in a research note on Wednesday, July 19th. They set a neutral rating and a $26.00 price target on the stock. Finally, ValuEngine upgraded Matador Resources from a sell rating to a hold rating in a research note on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $28.63.
Shares of Matador Resources (NYSE MTDR) opened at 26.99 on Tuesday. The firm has a market cap of $2.71 billion, a P/E ratio of 13.95 and a beta of 1.23. The company’s 50 day moving average price is $23.63 and its 200-day moving average price is $23.00. Matador Resources has a 12-month low of $19.99 and a 12-month high of $28.51.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The business’s revenue for the quarter was up 65.1% on a year-over-year basis. On average, equities research analysts anticipate that Matador Resources will post $0.49 EPS for the current year.
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In related news, Director David M. Posner acquired 4,115 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $24.10 per share, with a total value of $99,171.50. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at $151,203.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Matador Resources in the 1st quarter valued at approximately $1,070,000. Bank of America Corp DE lifted its holdings in shares of Matador Resources by 110.0% in the 1st quarter. Bank of America Corp DE now owns 507,269 shares of the energy company’s stock valued at $12,068,000 after buying an additional 265,715 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Matador Resources by 2.5% in the 2nd quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock valued at $774,000 after buying an additional 897 shares during the period. State Street Corp lifted its holdings in shares of Matador Resources by 3.2% in the 1st quarter. State Street Corp now owns 3,386,614 shares of the energy company’s stock valued at $80,568,000 after buying an additional 106,117 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Matador Resources by 3.4% in the 1st quarter. UBS Group AG now owns 42,343 shares of the energy company’s stock valued at $1,007,000 after buying an additional 1,384 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.
About Matador Resources
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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