Matador Resources Co. (NYSE:MTDR)‘s stock had its “hold” rating restated by analysts at KLR Group in a report issued on Monday.
Other equities research analysts have also issued reports about the stock. Deutsche Bank AG assumed coverage on shares of Matador Resources in a report on Monday. They set a “hold” rating and a $28.00 price objective on the stock. Zacks Investment Research lowered shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. FBR & Co set a $30.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Wednesday, November 2nd. 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. Finally, Imperial Capital raised their price objective on shares of Matador Resources from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.22.
Matador Resources (NYSE:MTDR) opened at 25.41 on Monday. Matador Resources has a 12-month low of $11.13 and a 12-month high of $26.14. The company’s market cap is $2.38 billion. The firm has a 50 day moving average price of $23.39 and a 200 day moving average price 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 fiscal year.
In other Matador Resources news, Director Joe A. Davis acquired 8,767 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was acquired at an average price of $22.70 per share, for a total transaction of $199,010.90. Following the purchase, the director now directly owns 1,747 shares of the company’s stock, valued at $39,656.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.70% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. UBS Group AG boosted its stake in shares of Matador Resources by 5.5% in the first quarter. UBS Group AG now owns 49,326 shares of the energy company’s stock valued at $936,000 after buying an additional 2,578 shares during the period. Barclays PLC boosted its stake in shares of Matador Resources by 247.5% in the first quarter. Barclays PLC now owns 69,770 shares of the energy company’s stock valued at $1,256,000 after buying an additional 49,690 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Matador Resources during the first quarter valued at $986,000. Avalon Advisors LLC boosted its stake in shares of Matador Resources by 42.9% in the first quarter. Avalon Advisors LLC now owns 15,704 shares of the energy company’s stock valued at $298,000 after buying an additional 4,713 shares during the period. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of Matador Resources during the second quarter valued at $144,000. Institutional investors and hedge funds own 84.46% of the company’s stock.
About Matador Resources