Matador Resources’ (MTDR) “Buy” Rating Reaffirmed at Stifel Nicolaus
Matador Resources Company (NYSE:MTDR)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a report issued on Thursday. They presently have a $33.00 price target on the energy company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 36.36% from the stock’s current price.
Several other analysts have also recently commented on the stock. KLR Group raised their target price on shares of Matador Resources from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Scotiabank restated a “buy” rating and issued a $26.00 target price on shares of Matador Resources in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $34.00 target price on shares of Matador Resources in a research note on Friday, June 16th. Northland Securities set a $33.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Credit Suisse Group initiated coverage on shares of Matador Resources in a research note on Thursday, June 1st. They issued an “outperform” rating and a $34.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.63.
Shares of Matador Resources (NYSE:MTDR) traded down 0.98% on Thursday, hitting $24.20. 1,263,185 shares of the company traded hands. The stock’s 50-day moving average price is $23.64 and its 200-day moving average price is $23.07. The company has a market capitalization of $2.43 billion, a PE ratio of 12.51 and a beta of 1.23. Matador Resources has a 12 month low of $19.99 and a 12 month high of $28.51.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. Matador Resources’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, equities analysts predict that Matador Resources will post $0.49 earnings per share for the current year.
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In other Matador Resources news, Chairman Joseph Wm Foran sold 11,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.12, for a total transaction of $254,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Posner bought 4,115 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were acquired at an average price of $24.10 per share, with a total value of $99,171.50. Following the completion of the acquisition, the director now directly owns 6,274 shares in the company, valued at approximately $151,203.40. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.
A number of large investors have recently bought and sold shares of MTDR. FNY Partners Fund LP increased its holdings in Matador Resources by 66.7% during the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock valued at $118,000 after acquiring an additional 2,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Matador Resources during the 1st quarter valued at about $120,000. Dubuque Bank & Trust Co. increased its holdings in Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after acquiring an additional 275 shares in the last quarter. Parallel Advisors LLC increased its holdings in Matador Resources by 10.8% during the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock valued at $153,000 after acquiring an additional 682 shares in the last quarter. Finally, LS Investment Advisors LLC purchased a new position in Matador Resources during the 2nd quarter valued at about $155,000. Hedge funds and other institutional investors own 91.96% 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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