Investment analysts at Deutsche Bank AG initiated coverage on shares of Matador Resources Co. (NYSE:MTDR) in a report issued on Monday. The firm set a “hold” rating and a $25.68 price target on the energy company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 1.06% from the stock’s previous close.
Several other equities research analysts also recently commented on MTDR. Mizuho began coverage on Matador Resources in a report on Wednesday, October 5th. They set a “neutral” rating and a $25.00 target price for the company. Zacks Investment Research raised Matador Resources from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 5th. Imperial Capital upped their target price on Matador Resources from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, August 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $20.00 target price on shares of Matador Resources in a report on Friday, August 12th. Finally, FBR & Co upped their target price on Matador Resources from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.22.
Shares of Matador Resources (NYSE:MTDR) traded down 6.69% during mid-day trading on Monday, hitting $23.71. The stock had a trading volume of 1,043,360 shares. The firm’s market cap is $2.22 billion. Matador Resources has a one year low of $11.13 and a one year high of $26.14. The company has a 50-day moving average of $23.39 and a 200 day moving average of $22.40.
Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, November 1st. The energy company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Matador Resources had a negative return on equity of 1.60% and a negative net margin of 176.09%. The business earned $88.70 million during the quarter, compared to analysts’ expectations of $78.07 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities research analysts forecast that Matador Resources will post ($0.05) earnings per share for the current year.
In other news, Director Joe A. Davis acquired 8,767 shares of Matador Resources stock in a transaction on Thursday, September 1st. The stock was bought at an average price of $22.70 per share, for a total transaction of $199,010.90. Following the transaction, the director now owns 1,747 shares of the company’s stock, valued at $39,656.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 12.70% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in MTDR. Capital Fund Management S.A. purchased a new stake in shares of Matador Resources during the second quarter worth approximately $1,930,000. HL Financial Services LLC increased its stake in shares of Matador Resources by 0.6% in the second quarter. HL Financial Services LLC now owns 19,219 shares of the energy company’s stock worth $381,000 after buying an additional 112 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Matador Resources during the second quarter worth approximately $754,000. Parkwood LLC increased its stake in shares of Matador Resources by 209.9% in the second quarter. Parkwood LLC now owns 45,787 shares of the energy company’s stock worth $1,063,000 after buying an additional 31,012 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of Matador Resources during the second quarter worth approximately $4,437,000. Institutional investors own 84.46% of the company’s stock.
Matador Resources Company Profile