BidaskClub lowered shares of Matador Resources Company (NYSE:MTDR) from a strong-buy rating to a buy rating in a report released on Saturday morning.
Other research analysts have also issued research reports about the company. BMO Capital Markets set a $26.00 price target on Matador Resources and gave the stock a buy rating in a research report on Saturday, August 12th. Northland Securities set a $33.00 price target on Matador Resources and gave the stock a buy rating in a research report on Monday, July 17th. Scotiabank set a $26.00 price target on Matador Resources and gave the stock a buy rating in a research report on Saturday, July 1st. Royal Bank Of Canada reiterated a buy rating and issued a $34.00 price target on shares of Matador Resources in a research report on Friday, June 16th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $33.00 price target on shares of Matador Resources in a research report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $28.67.
Shares of Matador Resources (NYSE:MTDR) opened at 25.73 on Friday. Matador Resources has a 52 week low of $20.13 and a 52 week high of $28.51. The firm has a 50-day moving average price of $24.91 and a 200-day moving average price of $23.39. The firm has a market cap of $2.58 billion, a PE ratio of 13.30 and a beta of 1.25.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $115.90 million during the quarter, compared to analyst estimates of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The firm’s revenue was up 65.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities research analysts predict that Matador Resources will post $0.49 earnings per share for the current year.
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In related news, Director David M. Posner purchased 4,115 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $24.10 per share, with a total value of $99,171.50. Following the completion of the purchase, the director now owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in shares of Matador Resources by 369.5% during the second quarter. Ameritas Investment Partners Inc. now owns 35,084 shares of the energy company’s stock valued at $750,000 after acquiring an additional 27,612 shares in the last quarter. TVR Capital Management LP bought a new stake in shares of Matador Resources during the second quarter valued at approximately $7,283,000. The Manufacturers Life Insurance Company raised its stake in shares of Matador Resources by 210.8% during the second quarter. The Manufacturers Life Insurance Company now owns 203,523 shares of the energy company’s stock valued at $4,349,000 after acquiring an additional 138,033 shares in the last quarter. Friedberg Investment Management raised its stake in shares of Matador Resources by 7.6% during the second quarter. Friedberg Investment Management now owns 117,550 shares of the energy company’s stock valued at $2,512,000 after acquiring an additional 8,340 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Matador Resources during the second quarter valued at approximately $6,287,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Matador Resources Company Profile
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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