The stock of Matador Resources Co (NYSE:MTDR) is a huge mover today! About 438,296 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 33.57% since March 8, 2016 and is uptrending. It has outperformed by 24.26% the S&P500.
The move comes after 8 months positive chart setup for the $2.30B company. It was reported on Oct, 11 by Barchart.com. We have $38.66 PT which if reached, will make NYSE:MTDR worth $1.40B more.
Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on November, 2.
Matador Resources Co (NYSE:MTDR) Ratings Coverage
Out of 15 analysts covering Matador Resources (NYSE:MTDR), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by KLR Group to “Reduce” on Thursday, October 15. As per Wednesday, December 9, the company rating was upgraded by KLR Group. On Tuesday, October 20 the stock rating was initiated by Canaccord Genuity with “Hold”. The firm earned “Outperform” rating on Thursday, November 5 by RBC Capital Markets. The stock has “Outperform” rating given by Northland Capital on Thursday, August 6. Mizuho initiated the stock with “Neutral” rating in Thursday, October 6 report. The firm earned “Outperform” rating on Friday, November 6 by Northland Capital. The stock has “Outperform” rating given by FBR Capital on Thursday, July 21. The firm has “Hold” rating by KLR Group given on Tuesday, March 8. The firm has “Buy” rating given on Wednesday, March 9 by Wunderlich.
According to Zacks Investment Research, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.8 in Q2 2016. Its up 0.12, from 1.68 in 2016Q1. The ratio increased, as 16 funds sold all Matador Resources Co shares owned while 45 reduced positions. 37 funds bought stakes while 73 increased positions. They now own 74.97 million shares or 5.00% less from 78.92 million shares in 2016Q1.
Blue Bell Private Wealth Limited Liability Co owns 400 shares or 0.01% of their US portfolio. Moreover, Van Eck Assocs has 0% invested in Matador Resources Co (NYSE:MTDR) for 11,210 shares. Glenmede Tru Na last reported 1,537 shares in the company. The Ohio-based Victory Mgmt Inc has invested 0.08% in Matador Resources Co (NYSE:MTDR). Financial Bank Of New York Mellon holds 0% or 473,686 shares in its portfolio. Stifel Financial holds 0.02% or 240,271 shares in its portfolio. Financial Bank Of America Corp De last reported 0% of its portfolio in the stock. Teacher Retirement Of Texas has invested 0% of its portfolio in Matador Resources Co (NYSE:MTDR). Blackrock Fund Advsr holds 0.01% or 2.07 million shares in its portfolio. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. The Virginia-based Virginia Retirement Systems Et Al has invested 0% in Matador Resources Co (NYSE:MTDR). Sei Invs accumulated 0% or 2,559 shares. Advsrs Asset Incorporated accumulated 53,187 shares or 0.02% of the stock. 1492 Cap Management Limited Liability Corp reported 98,407 shares or 1.75% of all its holdings. Connors Investor Service has 81,438 shares for 0.31% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 selling transactions for $249,062 net activity. 8,767 shares were bought by Davis Joe A, worth $199,046 on Wednesday, August 31. The insider Byerley William M bought $50,016.
More news for Matador Resources Co (NYSE:MTDR) were recently published by: Fool.com, which released: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Businesswire.com‘s article titled: “Matador Resources Company Reports Third Quarter 2015 Results and Provides …” and published on November 04, 2015 is yet another important article.
MTDR Company Profile
Matador Resources Company, incorporated on November 22, 2010, is an independent energy firm 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 segment is oil and natural gas exploration and production. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Firm also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.
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