The stock of Matador Resources Co (NYSE:MTDR) is a huge mover today! About 1.56 million shares traded hands or 7.59% up from the average. Matador Resources Co (NYSE:MTDR) has risen 1.43% since April 27, 2016 and is uptrending. It has underperformed by 3.80% the S&P500.
The move comes after 7 months positive chart setup for the $2.41B company. It was reported on Nov, 30 by Barchart.com. We have $28.84 PT which if reached, will make NYSE:MTDR worth $168.70M more.
Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on February, 22. They expect $0.08 earnings per share, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $7.17M for 84.06 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by Matador Resources Co for the previous quarter, Wall Street now forecasts 33.33% EPS growth.
Matador Resources Co (NYSE:MTDR) Ratings Coverage
Out of 16 analysts covering Matador Resources (NYSE:MTDR), 9 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 56% are positive. Matador Resources has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, December 9 by KLR Group. The stock of Matador Resources Co (NYSE:MTDR) has “Hold” rating given on Tuesday, March 8 by KLR Group. The firm has “Outperform” rating by FBR Capital given on Thursday, July 21. The rating was maintained by Northland Capital with “Outperform” on Wednesday, September 16. On Friday, November 6 the stock rating was maintained by Northland Capital with “Outperform”. As per Thursday, October 6, the company rating was initiated by Mizuho. The rating was initiated by Nomura on Thursday, December 3 with “Neutral”. The firm has “Neutral” rating by Seaport Global given on Wednesday, March 30. The stock has “Neutral” rating given by Bank of America on Wednesday, December 16. KLR Group upgraded the stock to “Accumulate” rating in Wednesday, September 21 report.
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 decreased to 1.11 in Q2 2016. Its down 0.69, from 1.8 in 2016Q1. The ratio dropped, 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.
Fiera Capital Corporation reported 360,127 shares or 0.04% of all its holdings. Legal And General Grp Public Lc holds 0% or 20,980 shares in its portfolio. Sfmg Ltd Liability Corporation accumulated 98,551 shares or 0.44% of the stock. Ranger Inv Mngmt L P last reported 687,765 shares in the company. Quantbot Ltd Partnership has 0.02% invested in the company for 11,153 shares. Credit Suisse Ag accumulated 150,009 shares or 0% of the stock. Clear Harbor Asset Mgmt Limited Liability Corporation has invested 0.52% of its portfolio in Matador Resources Co (NYSE:MTDR). Prudential holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 15,769 shares. Magnetar Finance Ltd owns 11,693 shares or 0% of their US portfolio. Moreover, Kcg has 0.01% invested in Matador Resources Co (NYSE:MTDR) for 27,050 shares. Moreover, Great West Life Assurance Communications Can has 0% invested in Matador Resources Co (NYSE:MTDR) for 8,458 shares. The California-based Nicholas Investment Prtnrs Lp has invested 0.44% in Matador Resources Co (NYSE:MTDR). Moreover, Barclays Plc has 0% invested in Matador Resources Co (NYSE:MTDR) for 84,903 shares. Assetmark has 1,360 shares for 0% of their US portfolio. State Bank Of America De, a North Carolina-based fund reported 449,644 shares.
Insider Transactions: Since August 8, 2016, the stock had 2 insider purchases, and 0 insider sales for $249,062 net activity. $199,046 worth of shares were bought by Davis Joe A on Wednesday, August 31. Byerley William M also bought $50,016 worth of Matador Resources Co (NYSE:MTDR) on Monday, August 8.
More recent Matador Resources Co (NYSE:MTDR) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on February 02, 2012. Also Fool.com published the news titled: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Quotes.Wsj.com‘s news article titled: “News Matador Resources Co.MTDR” with publication date: January 28, 2012 was also an interesting one.
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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