Matador Resources Co to Post FY2018 Earnings of $1.49 Per Share, SunTrust Banks Forecasts (MTDR)

Matador Resources Co (NYSE:MTDR) – Analysts at SunTrust Banks reduced their FY2018 EPS estimates for Matador Resources in a research report issued to clients and investors on Tuesday, February 19th. SunTrust Banks analyst N. Dingmann now anticipates that the energy company will post earnings of $1.49 per share for the year, down from their previous forecast of $1.58. SunTrust Banks currently has a “Buy” rating and a $29.00 price objective on the stock. SunTrust Banks also issued estimates for Matador Resources’ Q4 2018 earnings at $0.25 EPS.

Several other research analysts have also commented on the company. Zacks Investment Research lowered Matador Resources from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Wells Fargo & Co reissued a “hold” rating on shares of Matador Resources in a research report on Friday, January 25th. Raymond James set a $24.00 target price on Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Capital One Financial downgraded Matador Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Finally, ValuEngine downgraded Matador Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.69.

Shares of NYSE MTDR opened at $18.06 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.63. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.66 and a beta of 2.00. Matador Resources has a twelve month low of $13.97 and a twelve month high of $35.22.

A number of institutional investors have recently bought and sold shares of MTDR. Rehmann Capital Advisory Group grew its stake in Matador Resources by 1,042.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock valued at $29,000 after purchasing an additional 1,700 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Matador Resources by 64.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Matador Resources by 1,453.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after purchasing an additional 593,768 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in Matador Resources by 89.4% during the 4th quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock valued at $124,000 after purchasing an additional 3,777 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Matador Resources during the 4th quarter valued at about $152,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

In other news, CFO David E. Lancaster purchased 2,500 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were acquired at an average price of $21.88 per share, for a total transaction of $54,700.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Van H. Singleton II purchased 2,005 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were purchased at an average price of $22.26 per share, for a total transaction of $44,631.30. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 15,005 shares of company stock worth $321,342. Company insiders own 11.10% of the company’s stock.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production, and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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