The stock of Matador Resources Co (NYSE:MTDR) is a huge mover today! About 432,588 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 14.54% since March 16, 2016 and is uptrending. It has outperformed by 9.00% the S&P500.
The move comes after 9 months positive chart setup for the $2.23 billion company. It was reported on Oct, 19 by Barchart.com. We have $32.03 PT which if reached, will make NYSE:MTDR worth $735.90M 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. On Wednesday, June 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”. Wunderlich maintained the stock with “Buy” rating in Thursday, February 4 report. The stock of Matador Resources Co (NYSE:MTDR) earned “Neutral” rating by Bank of America on Wednesday, December 16. The firm has “Reduce” rating given on Thursday, October 15 by KLR Group. KLR Group upgraded Matador Resources Co (NYSE:MTDR) rating on Wednesday, September 21. KLR Group has “Accumulate” rating and $25 price target. The firm has “Outperform” rating given on Friday, November 6 by Northland Capital. Wunderlich maintained Matador Resources Co (NYSE:MTDR) on Wednesday, March 9 with “Buy” rating. As per Thursday, December 3, the company rating was initiated by Nomura. The firm has “Outperform” rating by Northland Capital given on Thursday, August 6. RBC Capital Markets maintained Matador Resources Co (NYSE:MTDR) rating on Thursday, November 5. RBC Capital Markets has “Outperform” rating and $31 price target.
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 improved, 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.
Vanguard Gp has invested 0.01% of its portfolio in Matador Resources Co (NYSE:MTDR). Franklin Res Inc has 0.02% invested in the company for 2.03 million shares. Manufacturers Life Com The reported 56,129 shares or 0% of all its holdings. Wells Fargo And Mn last reported 0% of its portfolio in the stock. Principal Fincl Grp owns 11,107 shares or 0% of their US portfolio. Meeder Asset Management reported 2,328 shares or 0% of all its holdings. Parkwood Limited Liability Company holds 45,787 shares or 0.18% of its portfolio. Cortina Asset Mgmt Ltd Liability Co has invested 0.58% of its portfolio in Matador Resources Co (NYSE:MTDR). Citigroup Incorporated owns 1,986 shares or 0% of their US portfolio. Cwm Llc last reported 0.03% of its portfolio in the stock. Thrivent Financial For Lutherans holds 0% or 21,460 shares in its portfolio. Axa owns 12,286 shares or 0% of their US portfolio. Essex Inv Lc accumulated 0.16% or 47,326 shares. Schroder Investment Management Grp has 0.05% invested in the company for 1.30M shares. Financial Bank Of New York Mellon Corp accumulated 473,686 shares or 0% of the stock.
Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 insider sales for $249,062 net activity. On Monday, August 8 Byerley William M bought $50,016 worth of the stock or 2,288 shares. Shares for $199,046 were bought by Davis Joe A on Wednesday, August 31.
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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