Matador Resources Company (NYSE:MTDR) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, October 7th.
A number of other equities research analysts also recently issued reports on MTDR. Scotiabank reiterated a “buy” rating on shares of Matador Resources in a research report on Tuesday, September 26th. BMO Capital Markets set a $23.00 price target on Matador Resources and gave the company a “buy” rating in a research report on Monday, June 26th. Zacks Investment Research downgraded Matador Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Northland Securities set a $33.00 price target on Matador Resources and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a research note on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.67.
Matador Resources (NYSE MTDR) opened at 26.49 on Friday. The stock has a market cap of $2.66 billion, a PE ratio of 13.69 and a beta of 1.26. Matador Resources has a 52 week low of $20.13 and a 52 week high of $28.51. The company has a 50-day moving average price of $25.19 and a 200-day moving average price of $23.46.
Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business’s quarterly revenue was up 65.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Analysts anticipate that Matador Resources will post $0.50 earnings per share for the current year.
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In other Matador Resources news, Director David M. Posner bought 4,115 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $24.10 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in Matador Resources by 53.9% in the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after acquiring an additional 3,566,950 shares in the last quarter. Vanguard Group Inc. lifted its position in Matador Resources by 3.4% during the second quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock valued at $156,044,000 after acquiring an additional 241,175 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Matador Resources by 88.5% during the second quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after acquiring an additional 2,328,250 shares during the last quarter. State Street Corp raised its holdings in shares of Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after buying an additional 1,370,196 shares during the last quarter. Finally, Beck Mack & Oliver LLC raised its holdings in shares of Matador Resources by 3.9% in the second quarter. Beck Mack & Oliver LLC now owns 4,134,406 shares of the energy company’s stock worth $88,352,000 after buying an additional 154,813 shares during the last quarter. Institutional investors and hedge funds own 84.74% of the company’s stock.
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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