Matador Resources Co (NYSE:MTDR) EVP Bradley M. Robinson acquired 5,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of $16.76 per share, with a total value of $83,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
MTDR opened at $17.27 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. Matador Resources Co has a 12 month low of $13.97 and a 12 month high of $34.90. The firm has a market capitalization of $1.93 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.71 and a beta of 1.92.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Matador Resources had a net margin of 22.37% and a return on equity of 9.57%. The firm had revenue of $173.89 million for the quarter, compared to analysts’ expectations of $198.76 million. During the same period in the previous year, the firm posted $0.36 EPS. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, equities analysts forecast that Matador Resources Co will post 1.32 EPS for the current year.
MTDR has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Matador Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $28.00 to $26.00 in a report on Friday, June 7th. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, May 28th. Wells Fargo & Co reissued a “hold” rating on shares of Matador Resources in a research report on Friday, April 12th. Northland Securities reissued a “buy” rating and set a $32.00 price target on shares of Matador Resources in a research report on Tuesday, February 26th. Finally, SunTrust Banks raised shares of Matador Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a research report on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Matador Resources presently has a consensus rating of “Hold” and an average target price of $33.07.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. Dimensional Fund Advisors LP increased its stake in shares of Matador Resources by 27.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,682,447 shares of the energy company’s stock worth $90,514,000 after purchasing an additional 1,013,501 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Matador Resources in the 1st quarter worth approximately $19,330,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Matador Resources in the 4th quarter worth approximately $10,866,000. BlackRock Inc. lifted its holdings in shares of Matador Resources by 5.2% in the 4th quarter. BlackRock Inc. now owns 12,834,279 shares of the energy company’s stock worth $199,317,000 after acquiring an additional 633,565 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Matador Resources by 1,453.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock worth $41,000 after acquiring an additional 593,768 shares during the last quarter. 95.01% of the stock is currently owned by institutional investors.
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About Matador Resources
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 in 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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