Stock of The Day: Matador Resources Co Sets 52-Week High; Strong Momentum for Holders

Stock of The Day: Matador Resources Co Sets 52 Week High; Strong Momentum for Holders

The stock of Matador Resources Co (NYSE:MTDR) hit a new 52-week high and has $28.32 target or 8.00% above today’s $26.22 share price. The 9 months bullish chart indicates low risk for the $2.88B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $28.32 price target is reached, the company will be worth $230.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.74M shares traded hands or 11.54% up from the average. Matador Resources Co (NYSE:MTDR) has risen 22.37% since April 28, 2016 and is uptrending. It has outperformed by 16.44% the S&P500.

Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on February, 22. They expect $0.08 EPS, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $8.79M for 81.94 P/E if the $0.08 EPS becomes a reality. After $0.06 actual EPS 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 rating was downgraded by KLR Group on Monday, November 28 to “Hold”. The firm has “Buy” rating by Sterne Agee CRT given on Wednesday, June 8. The firm earned “Outperform” rating on Thursday, November 5 by RBC Capital Markets. Stifel Nicolaus maintained the shares of MTDR in a report on Thursday, February 25 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, October 13 by JP Morgan. The firm has “Neutral” rating given on Wednesday, March 30 by Seaport Global. FBR Capital maintained Matador Resources Co (NYSE:MTDR) rating on Friday, August 5. FBR Capital has “Outperform” rating and $30 price target. KLR Group upgraded Matador Resources Co (NYSE:MTDR) on Tuesday, January 19 to “Accumulate” rating. Wunderlich maintained it with “Buy” rating and $37 target price in Wednesday, September 16 report. Bank of America initiated the shares of MTDR in a report on Wednesday, December 16 with “Neutral” rating.

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 2016 Q2. Its down 0.69, from 1.8 in 2016Q1. The ratio worsened, 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.
The New Jersey-based Kcg has invested 0.01% in Matador Resources Co (NYSE:MTDR). Principal Group owns 11,107 shares or 0% of their US portfolio. Us Bank De owns 4,933 shares or 0% of their US portfolio. Waddell & Reed Fincl has invested 0.03% of its portfolio in Matador Resources Co (NYSE:MTDR). Tompkins Fincl holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 120 shares. Central Natl Bank Trust reported 72,320 shares or 0.41% of all its holdings. Century Capital Mngmt Limited Company, a Massachusetts-based fund reported 401,276 shares. Ladenburg Thalmann Services last reported 0% of its portfolio in the stock. Blackrock Fund Advisors has 0.01% invested in the company for 2.07M shares. Thrivent Fincl For Lutherans accumulated 21,460 shares or 0% of the stock. First National Bank Of Omaha accumulated 28,250 shares or 0.04% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Fmr Ltd Liability Corporation accumulated 115,800 shares or 0% of the stock. Creative Planning has 485 shares for 0% of their US portfolio. Rhumbline Advisers holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 84,471 shares.

Insider Transactions: Since August 8, 2016, the stock had 2 insider purchases, and 0 sales for $249,062 net activity. Shares for $50,016 were bought by Byerley William M. On Wednesday, August 31 the insider Davis Joe A bought $199,046.

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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