Reaffirmed: Matador Resources (NYSE:MTDR) Buy Rating Reaffirmed by Stifel Nicolaus; $37.0000 Target in Place

April 25, 2018 - By Adrian Erickson

Matador Resources Company (NYSE:MTDR) Logo

Investors sentiment increased to 1.88 in Q4 2017. Its up 0.83, from 1.05 in 2017Q3. It is positive, as 20 investors sold Matador Resources Company shares while 55 reduced holdings. 46 funds opened positions while 95 raised stakes. 94.72 million shares or 3.07% more from 91.90 million shares in 2017Q3 were reported.

Fiera Cap reported 0.04% of its portfolio in Matador Resources Company (NYSE:MTDR). Bancshares Of Montreal Can accumulated 49,769 shares or 0% of the stock. California Pub Employees Retirement Sys invested in 0.01% or 318,383 shares. The New York-based Blackrock Inc has invested 0.02% in Matador Resources Company (NYSE:MTDR). Metropolitan Life Insur Ny holds 0.02% or 55,524 shares. Dubuque Bancorp Co holds 7,483 shares. Westwood Holdings Gp Inc has 0.02% invested in Matador Resources Company (NYSE:MTDR) for 95,300 shares. Etrade Cap Lc holds 0.04% or 36,499 shares in its portfolio. Georgia-based Atlantic Trust Group Limited Liability has invested 0% in Matador Resources Company (NYSE:MTDR). Griffin Asset Mgmt Inc invested in 14,210 shares. Wells Fargo And Co Mn stated it has 915,418 shares. Fifth Third Fincl Bank has invested 0% in Matador Resources Company (NYSE:MTDR). Cannell Peter B accumulated 59,225 shares or 0.06% of the stock. Moreover, Ameritas Prtn has 0.05% invested in Matador Resources Company (NYSE:MTDR). Cortina Asset Mngmt Llc reported 0.46% in Matador Resources Company (NYSE:MTDR).

Matador Resources (NYSE:MTDR) Rating Reaffirmed

In a research report shared with investors and clients on 23 April, The Buy rating of Matador Resources (NYSE:MTDR) shares was reaffirmed by Analysts at Stifel Nicolaus, who now has a $37.0000 PT on the stock. Stifel Nicolaus’s PT gives a possible upside of 9.79 % from the current stock price of the company.

Investors sentiment increased to 1.88 in Q4 2017. Its up 0.83, from 1.05 in 2017Q3. It is positive, as 20 investors sold Matador Resources Company shares while 55 reduced holdings. 46 funds opened positions while 95 raised stakes. 94.72 million shares or 3.07% more from 91.90 million shares in 2017Q3 were reported.

Fiera Cap reported 0.04% of its portfolio in Matador Resources Company (NYSE:MTDR). Bancshares Of Montreal Can accumulated 49,769 shares or 0% of the stock. California Pub Employees Retirement Sys invested in 0.01% or 318,383 shares. The New York-based Blackrock Inc has invested 0.02% in Matador Resources Company (NYSE:MTDR). Metropolitan Life Insur Ny holds 0.02% or 55,524 shares. Dubuque Bancorp Co holds 7,483 shares. Westwood Holdings Gp Inc has 0.02% invested in Matador Resources Company (NYSE:MTDR) for 95,300 shares. Etrade Cap Lc holds 0.04% or 36,499 shares in its portfolio. Georgia-based Atlantic Trust Group Limited Liability has invested 0% in Matador Resources Company (NYSE:MTDR). Griffin Asset Mgmt Inc invested in 14,210 shares. Wells Fargo And Co Mn stated it has 915,418 shares. Fifth Third Fincl Bank has invested 0% in Matador Resources Company (NYSE:MTDR). Cannell Peter B accumulated 59,225 shares or 0.06% of the stock. Moreover, Ameritas Prtn has 0.05% invested in Matador Resources Company (NYSE:MTDR). Cortina Asset Mngmt Llc reported 0.46% in Matador Resources Company (NYSE:MTDR).

Matador Resources Company (NYSE:MTDR) Ratings Coverage

Among 11 analysts covering Matador Resources (NYSE:MTDR), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Matador Resources has $42 highest and $28.0 lowest target. $36’s average target is 6.82% above currents $33.7 stock price. Matador Resources had 24 analyst reports since November 8, 2017 according to SRatingsIntel. Mizuho maintained Matador Resources Company (NYSE:MTDR) on Tuesday, November 21 with “Hold” rating. Northland Capital maintained it with “Buy” rating and $35.0 target in Monday, November 13 report. The stock of Matador Resources Company (NYSE:MTDR) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The rating was maintained by Northland Capital with “Buy” on Wednesday, March 7. The rating was maintained by Stephens on Tuesday, February 6 with “Buy”. BMO Capital Markets maintained it with “Buy” rating and $30.0 target in Monday, March 12 report. On Wednesday, March 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Monday, January 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Friday, April 13 by RBC Capital Markets. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, November 8.

The stock increased 1.20% or $0.4 during the last trading session, reaching $33.7. About 444,092 shares traded. Matador Resources Company (NYSE:MTDR) has risen 27.63% since April 25, 2017 and is uptrending. It has outperformed by 16.08% the S&P500.

Analysts await Matador Resources Company (NYSE:MTDR) to report earnings on May, 2. They expect $0.29 EPS, up 70.59 % or $0.12 from last year’s $0.17 per share. MTDR’s profit will be $31.68 million for 29.05 P/E if the $0.29 EPS becomes a reality. After $0.25 actual EPS reported by Matador Resources Company for the previous quarter, Wall Street now forecasts 16.00 % EPS growth.

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company has market cap of $3.68 billion. It operates in two divisions, Exploration and Production, and Midstream. It has a 27.4 P/E ratio. The firm primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas; the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.

Matador Resources Company (NYSE:MTDR) Institutional Positions Chart

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