Matador Resources (NYSE:MTDR) Short Interest Update

Matador Resources (NYSE:MTDRGet Rating) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 8,250,000 shares, a drop of 19.7% from the March 31st total of 10,270,000 shares. Based on an average daily volume of 2,280,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 7.6% of the shares of the company are sold short.

Matador Resources stock traded up $2.63 during mid-day trading on Tuesday, reaching $51.93. 31,046 shares of the company were exchanged, compared to its average volume of 1,830,359. The firm has a market cap of $6.13 billion, a PE ratio of 8.04 and a beta of 3.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.00 and a quick ratio of 0.97. The company has a fifty day simple moving average of $53.04 and a 200-day simple moving average of $45.85. Matador Resources has a 12 month low of $24.76 and a 12 month high of $59.27.

Matador Resources (NYSE:MTDRGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The energy company reported $2.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.40. Matador Resources had a return on equity of 34.63% and a net margin of 37.28%. During the same period in the previous year, the company earned $0.71 EPS. Sell-side analysts anticipate that Matador Resources will post 10.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Wednesday, May 18th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, May 17th. Matador Resources’s payout ratio is presently 3.26%.

A number of equities analysts have commented on MTDR shares. StockNews.com raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Zacks Investment Research downgraded shares of Matador Resources from a “buy” rating to a “hold” rating and set a $57.00 target price for the company. in a report on Thursday, March 31st. TheStreet raised shares of Matador Resources from a “c+” rating to a “b-” rating in a report on Wednesday, February 23rd. MKM Partners boosted their price objective on Matador Resources from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 24th. Finally, Stifel Nicolaus upped their target price on Matador Resources from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources currently has a consensus rating of “Buy” and an average price target of $56.00.

Several institutional investors have recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its position in shares of Matador Resources by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 44,229 shares of the energy company’s stock worth $2,343,000 after acquiring an additional 258 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Matador Resources by 3.5% during the first quarter. Verdence Capital Advisors LLC now owns 7,846 shares of the energy company’s stock worth $416,000 after purchasing an additional 267 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Matador Resources by 5.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,169 shares of the energy company’s stock valued at $228,000 after purchasing an additional 303 shares in the last quarter. JustInvest LLC increased its stake in shares of Matador Resources by 4.8% in the 3rd quarter. JustInvest LLC now owns 6,872 shares of the energy company’s stock valued at $261,000 after purchasing an additional 316 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Matador Resources by 3.9% during the 3rd quarter. CIBC Asset Management Inc now owns 9,628 shares of the energy company’s stock worth $366,000 after buying an additional 357 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Matador Resources Company Profile (Get Rating)

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. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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