Today: Matador Resources Co. (MTDR) Research Coverage Started at Deutsche Bank AG

Today: Matador Resources Co. (MTDR) Research Coverage Started at Deutsche Bank AG

Equities researchers at Deutsche Bank AG started coverage on shares of Matador Resources Co. (NYSE:MTDR) in a report released on Monday. The brokerage set a “hold” rating and a $28.00 price target on the energy company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 10.19% from the stock’s previous close.

MTDR has been the topic of several other reports. Zacks Investment Research lowered shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. FBR & Co raised their price objective on shares of Matador Resources from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. KLR Group upgraded shares of Matador Resources from a “hold” rating to an “accumulate” rating and set a $25.00 price objective on the stock in a report on Wednesday, September 21st. Mizuho assumed coverage on shares of Matador Resources in a report on Wednesday, October 5th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Canaccord Genuity restated a “hold” rating and set a $20.00 price objective on shares of Matador Resources in a report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.22.

Shares of Matador Resources (NYSE:MTDR) opened at 25.41 on Monday. Matador Resources has a one year low of $11.13 and a one year high of $26.14. The company’s market capitalization is $2.38 billion. 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 posted its earnings results on Tuesday, November 1st. The energy company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. The company had revenue of $88.70 million for the quarter, compared to analyst estimates of $78.07 million. Matador Resources had a negative net margin of 176.09% and a negative return on equity of 1.60%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. On average, analysts anticipate that Matador Resources will post ($0.05) earnings per share for the current year.

In related news, Director Joe A. Davis bought 8,767 shares of Matador Resources stock in a transaction that occurred on Thursday, September 1st. The stock was acquired at an average price of $22.70 per share, with a total value of $199,010.90. Following the acquisition, the director now owns 1,747 shares of the company’s stock, valued at approximately $39,656.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. HL Financial Services LLC boosted 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 valued at $381,000 after buying an additional 112 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Matador Resources by 1.1% in the third quarter. Principal Financial Group Inc. now owns 11,232 shares of the energy company’s stock valued at $273,000 after buying an additional 125 shares during the period. First Manhattan Co. boosted its stake 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 valued at $127,000 after buying an additional 450 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 valued at $105,000 after buying an additional 588 shares during the period. Finally, CWM LLC boosted its stake in shares of Matador Resources by 3.5% in the third quarter. CWM LLC now owns 23,317 shares of the energy company’s stock valued at $568,000 after buying an additional 786 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Matador Resources Company Profile

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