Somewhat Favorable News Coverage Extremely Likely to Affect Matador Resources (MTDR) Share Price
News coverage about Matador Resources (NYSE:MTDR) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matador Resources earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 92 out of 100, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Scotiabank Reiterates Buy Rating for Matador Resources Company (NYSE:MTDR) (americanbankingnews.com)
- Matador Resources Company Reports Second Quarter 2017 Results, Provides Operational Update and Increases 2017 Guidance Estimates (finance.yahoo.com)
- Matador meets 2Q profit forecasts (finance.yahoo.com)
- Matador Resources Company (MTDR) closes with a move of 0.45%, Cobalt International Energy, Inc. (CIE) noted a … – Stocks Gallery (stocksgallery.com)
- Matador Resources Co. – Value Analysis (NYSE:MTDR) : July 31, 2017 (finance.yahoo.com)
Several equities analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Matador Resources in a research note on Thursday, June 1st. They issued an “outperform” rating and a $34.00 price objective on the stock. BMO Capital Markets set a $23.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Monday, June 26th. KLR Group lifted their price objective on Matador Resources from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. BidaskClub raised Matador Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Imperial Capital assumed coverage on Matador Resources in a research report on Tuesday, July 18th. They set an “outperform” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.57.
Shares of Matador Resources (NYSE:MTDR) traded down 9.07% during midday trading on Thursday, hitting $21.86. The stock had a trading volume of 2,880,723 shares. The firm has a 50-day moving average of $22.31 and a 200 day moving average of $23.57. The firm has a market cap of $2.19 billion, a PE ratio of 34.70 and a beta of 1.20. Matador Resources has a 12-month low of $18.87 and a 12-month high of $28.51.
Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Matador Resources had a return on equity of 4.65% and a net margin of 15.33%. The company had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 65.1% on a year-over-year basis. On average, analysts expect that Matador Resources will post $0.54 earnings per share for the current year.
In related news, Chairman Joseph Wm Foran sold 11,000 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.12, for a total value of $254,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julia P. Forrester acquired 1,255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average price of $23.96 per share, with a total value of $30,069.80. Following the completion of the acquisition, the director now directly owns 3,399 shares of the company’s stock, valued at $81,440.04. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.
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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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