Brokers Issue Forecasts for Matador Resources Co’s FY2018 Earnings (MTDR)

Matador Resources Co (NYSE:MTDR) – Research analysts at SunTrust Banks boosted their FY2018 earnings estimates for Matador Resources in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the energy company will earn $1.21 per share for the year, up from their previous estimate of $1.07. SunTrust Banks currently has a “Buy” rating and a $40.00 target price on the stock. SunTrust Banks also issued estimates for Matador Resources’ FY2019 earnings at $1.74 EPS.

MTDR has been the subject of a number of other reports. Zacks Investment Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Barclays set a $25.00 price target on shares of Matador Resources and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Royal Bank of Canada increased their price target on shares of Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Northland Securities set a $33.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Deutsche Bank began coverage on Matador Resources in a report on Thursday, February 1st. They issued a “hold” rating and a $37.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.81.

Matador Resources (NYSE MTDR) traded up $0.60 during midday trading on Wednesday, hitting $30.67. 252,647 shares of the stock were exchanged, compared to its average volume of 1,171,093. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3,293.53, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.78 and a beta of 1.20. Matador Resources has a 1-year low of $20.13 and a 1-year high of $33.96.

A number of hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Matador Resources by 36.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after purchasing an additional 1,617 shares during the last quarter. Amalgamated Bank grew its holdings in Matador Resources by 19.8% during the second quarter. Amalgamated Bank now owns 12,813 shares of the energy company’s stock valued at $274,000 after purchasing an additional 2,119 shares during the last quarter. Fortaleza Asset Management Inc. grew its holdings in Matador Resources by 40.9% during the fourth quarter. Fortaleza Asset Management Inc. now owns 8,645 shares of the energy company’s stock valued at $269,000 after purchasing an additional 2,510 shares during the last quarter. California Public Employees Retirement System grew its holdings in Matador Resources by 0.9% during the third quarter. California Public Employees Retirement System now owns 302,500 shares of the energy company’s stock valued at $8,213,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares during the last quarter. Institutional investors own 85.70% of the company’s stock.

In other news, Director David M. Posner acquired 1,035 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average price of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the acquisition, the director now owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.

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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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