Matador Resources Co. (MTDR) Now Covered by Analysts at Mizuho
Mizuho assumed coverage on shares of Matador Resources Co. (NYSE:MTDR) in a research note released on Wednesday. The brokerage issued a neutral rating and a $25.00 price objective on the energy company’s stock.
Several other equities analysts have also weighed in on the company. Barclays PLC started coverage on Matador Resources in a report on Tuesday, June 21st. They set an equal weight rating and a $23.00 price objective for the company. KLR Group raised Matador Resources from a hold rating to an accumulate rating and set a $25.00 price objective for the company in a report on Wednesday, September 21st. Zacks Investment Research lowered Matador Resources from a strong-buy rating to a hold rating in a report on Tuesday, September 20th. Sterne Agee CRT started coverage on Matador Resources in a report on Wednesday, June 8th. They set a buy rating and a $29.00 price objective for the company. Finally, Royal Bank Of Canada reissued a buy rating on shares of Matador Resources in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $24.97.
Matador Resources (NYSE:MTDR) traded down 0.42% during mid-day trading on Wednesday, reaching $23.72. The company had a trading volume of 291,246 shares. Matador Resources has a one year low of $11.13 and a one year high of $28.25. The stock’s market capitalization is $2.21 billion. The company’s 50-day moving average is $22.77 and its 200-day moving average is $21.64.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 3rd. The energy company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.09. Matador Resources had a negative return on equity of 1.92% and a negative net margin of 269.02%. The business earned $45.20 million during the quarter, compared to analyst estimates of $62.61 million. During the same period in the prior year, the company earned $0.05 earnings per share. Matador Resources’s revenue was down 42.1% compared to the same quarter last year. Equities research analysts anticipate that Matador Resources will post ($0.12) earnings per share for the current year.
In related news, Director Joe A. Davis acquired 8,767 shares of Matador Resources stock in a transaction dated Thursday, September 1st. The shares were purchased at an average cost of $22.70 per share, with a total value of $199,010.90. Following the completion of the purchase, the director now owns 1,747 shares of the company’s stock, valued at $39,656.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William M. Byerley acquired 2,288 shares of Matador Resources stock in a transaction dated Monday, August 8th. The shares were bought at an average cost of $21.86 per share, for a total transaction of $50,015.68. Following the completion of the purchase, the director now directly owns 4,035 shares of the company’s stock, valued at approximately $88,205.10. The disclosure for this purchase can be found here. Insiders own 12.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MTDR. PNC Financial Services Group Inc. boosted its position in shares of Matador Resources by 12.4% in the second quarter. PNC Financial Services Group Inc. now owns 5,319 shares of the energy company’s stock worth $105,000 after buying an additional 588 shares during the period. Value Holdings LP bought a new position in shares of Matador Resources during the first quarter worth about $114,000. First Manhattan Co. boosted its position in shares of Matador Resources by 7.5% in the second quarter. First Manhattan Co. now owns 6,450 shares of the energy company’s stock worth $127,000 after buying an additional 450 shares during the period. BlackRock Inc. boosted its position in shares of Matador Resources by 79.0% in the first quarter. BlackRock Inc. now owns 6,922 shares of the energy company’s stock worth $132,000 after buying an additional 3,055 shares during the period. Finally, Springbank Value Partners LP boosted its position in shares of Matador Resources by 133.3% in the second quarter. Springbank Value Partners LP now owns 7,000 shares of the energy company’s stock worth $139,000 after buying an additional 4,000 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
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 segment is oil and natural gas exploration and production.
Receive News & Stock Ratings for Matador Resources Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources Co. and related stocks with our FREE daily email newsletter.