Matador Resources (NYSE:MTDR – Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Matador Resources to post earnings of $2.04 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Matador Resources Trading Up 3.6 %
Shares of MTDR stock opened at $56.60 on Tuesday. The business’s fifty day moving average price is $55.38 and its 200 day moving average price is $58.25. Matador Resources has a 1-year low of $42.04 and a 1-year high of $67.71. The firm has a market capitalization of $6.74 billion, a PE ratio of 8.04 and a beta of 3.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.94.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. StockNews.com lowered Matador Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Mizuho lowered their target price on Matador Resources from $83.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Raymond James lowered their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. KeyCorp lowered their target price on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Finally, Wells Fargo & Company assumed coverage on Matador Resources in a report on Wednesday, November 15th. They issued an “overweight” rating and a $73.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $70.38.
Insider Activity at Matador Resources
In related news, Director Timothy E. Parker acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average price of $52.13 per share, with a total value of $260,650.00. Following the completion of the purchase, the director now directly owns 79,257 shares in the company, valued at $4,131,667.41. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Matador Resources news, Director Timothy E. Parker bought 5,000 shares of Matador Resources stock in a transaction that occurred on Tuesday, December 12th. The shares were purchased at an average cost of $52.13 per share, for a total transaction of $260,650.00. Following the completion of the transaction, the director now owns 79,257 shares of the company’s stock, valued at approximately $4,131,667.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average price of $54.30 per share, for a total transaction of $108,600.00. Following the completion of the transaction, the chief executive officer now directly owns 24,637 shares of the company’s stock, valued at approximately $1,337,789.10. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.
Hedge Funds Weigh In On Matador Resources
Several large investors have recently added to or reduced their stakes in MTDR. MML Investors Services LLC purchased a new position in shares of Matador Resources in the 1st quarter worth about $232,000. Panagora Asset Management Inc. purchased a new stake in shares of Matador Resources during the 4th quarter valued at about $231,000. Cerity Partners LLC raised its holdings in shares of Matador Resources by 20.7% during the 1st quarter. Cerity Partners LLC now owns 4,643 shares of the energy company’s stock valued at $221,000 after buying an additional 795 shares during the period. American Trust purchased a new stake in shares of Matador Resources during the 4th quarter valued at about $213,000. Finally, Covestor Ltd raised its holdings in shares of Matador Resources by 1,275.9% during the 1st quarter. Covestor Ltd now owns 2,394 shares of the energy company’s stock valued at $127,000 after buying an additional 2,220 shares during the period. 87.23% of the stock is currently owned by hedge funds and other institutional investors.
Matador Resources Company Profile
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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