Matador Resources (NYSE:MTDR) Shares Gap Up to $17.36

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Matador Resources Co (NYSE:MTDR) shares gapped up prior to trading on Friday . The stock had previously closed at $17.76, but opened at $17.36. Matador Resources shares last traded at $16.94, with a volume of 183241 shares.

MTDR has been the subject of several recent analyst reports. SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a research note on Tuesday, February 19th. Northland Securities restated a “buy” rating and issued a $32.00 price target on shares of Matador Resources in a research note on Tuesday, February 26th. Wells Fargo & Co restated a “hold” rating on shares of Matador Resources in a research note on Friday, April 12th. Imperial Capital restated an “outperform” rating and issued a $33.00 price target (up previously from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. Finally, MKM Partners restated a “neutral” rating and issued a $22.00 price target on shares of Matador Resources in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.07.

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market capitalization of $1.93 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.92.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The company had revenue of $173.89 million during the quarter, compared to analyst estimates of $198.76 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Matador Resources’s revenue was down 9.0% compared to the same quarter last year. On average, equities analysts predict that Matador Resources Co will post 1.32 earnings per share for the current fiscal year.

In related news, Director Kenneth L. Stewart purchased 5,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $17.76 per share, with a total value of $88,800.00. Following the completion of the acquisition, the director now owns 37,532 shares of the company’s stock, valued at approximately $666,568.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Matthew V. Hairford purchased 2,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $16.78 per share, with a total value of $33,560.00. The disclosure for this purchase can be found here. Insiders purchased 13,000 shares of company stock valued at $222,160 in the last ninety days. 6.90% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its holdings in Matador Resources by 1,042.9% during the fourth 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 period. Rockefeller Capital Management L.P. boosted its stake in shares of Matador Resources by 542.6% in the first quarter. Rockefeller Capital Management L.P. now owns 1,523 shares of the energy company’s stock worth $30,000 after acquiring an additional 1,286 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Matador Resources by 1,453.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock worth $41,000 after acquiring an additional 593,768 shares during the period. Private Capital Group LLC boosted its stake in shares of Matador Resources by 91.5% in the first quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock worth $43,000 after acquiring an additional 1,071 shares during the period. Finally, Cresset Asset Management LLC bought a new position in shares of Matador Resources in the first quarter worth about $43,000. 95.01% of the stock is owned by institutional investors and hedge funds.

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About Matador Resources (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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