Matador Resources Co (NYSE:MTDR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $16.08, but opened at $15.62. Matador Resources shares last traded at $14.91, with a volume of 2,476,460 shares trading hands.
MTDR has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Matador Resources from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $28.00 to $26.00 in a report on Friday, June 7th. MKM Partners upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, May 28th. ValuEngine upgraded shares of Matador Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Wells Fargo & Co set a $33.00 target price on shares of Matador Resources and gave the company a “hold” rating in a report on Thursday, July 11th. Finally, Stifel Nicolaus set a $24.00 target price on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $30.46.
The firm has a market capitalization of $1.82 billion, a PE ratio of 9.20, a P/E/G ratio of 0.79 and a beta of 1.96. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $16.91 and its 200 day moving average price is $18.32.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.11. The business had revenue of $241.70 million during the quarter, compared to the consensus estimate of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, sell-side analysts forecast that Matador Resources Co will post 1.12 earnings per share for the current fiscal year.
In related news, Director Timothy E. Parker bought 3,584 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $13.94 per share, with a total value of $49,960.96. Following the completion of the transaction, the director now owns 24,151 shares of the company’s stock, valued at $336,664.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bradley M. Robinson bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $16.76 per share, for a total transaction of $83,800.00. The disclosure for this purchase can be found here. Insiders purchased 36,734 shares of company stock worth $552,948 over the last three months. Corporate insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Matador Resources by 4.6% in the second quarter. Vanguard Group Inc. now owns 10,308,531 shares of the energy company’s stock worth $204,934,000 after acquiring an additional 451,000 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Matador Resources by 2.4% during the second quarter. Silvercrest Asset Management Group LLC now owns 4,803,496 shares of the energy company’s stock valued at $95,494,000 after buying an additional 114,100 shares in the last quarter. Beck Mack & Oliver LLC lifted its position in Matador Resources by 1.4% during the first quarter. Beck Mack & Oliver LLC now owns 4,156,276 shares of the energy company’s stock valued at $80,341,000 after buying an additional 58,909 shares in the last quarter. Invesco Ltd. lifted its position in Matador Resources by 236.5% during the second quarter. Invesco Ltd. now owns 3,362,728 shares of the energy company’s stock valued at $66,850,000 after buying an additional 2,363,259 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Matador Resources by 6,195.1% during the second quarter. Nuveen Asset Management LLC now owns 3,321,049 shares of the energy company’s stock valued at $66,022,000 after buying an additional 3,268,293 shares in the last quarter. 93.69% of the stock is currently owned by institutional investors and hedge funds.
Matador Resources Company Profile (NYSE:MTDR)
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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