Today, Deutsche Bank AG Begins Coverage on Matador Resources Co. (MTDR)

Today, Deutsche Bank AG Begins Coverage on Matador Resources Co. (MTDR)

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

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