State of Tennessee Treasury Department acquired a new stake in shares of Matador Resources Co (NYSE:MTDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,456 shares of the energy company’s stock, valued at approximately $310,000.
Several other large investors also recently made changes to their positions in the company. CoreCommodity Management LLC grew its stake in shares of Matador Resources by 83.9% during the second quarter. CoreCommodity Management LLC now owns 76,403 shares of the energy company’s stock valued at $649,000 after buying an additional 34,865 shares during the last quarter. AJO LP purchased a new position in shares of Matador Resources during the second quarter valued at approximately $2,466,000. Magnus Financial Group LLC increased its stake in shares of Matador Resources by 35.7% during the second quarter. Magnus Financial Group LLC now owns 23,698 shares of the energy company’s stock valued at $201,000 after buying an additional 6,229 shares during the period. Virtu Financial LLC purchased a new position in shares of Matador Resources during the second quarter valued at approximately $92,000. Finally, Fisher Asset Management LLC purchased a new position in shares of Matador Resources during the second quarter valued at approximately $844,000. 88.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:MTDR opened at $8.67 on Wednesday. The company has a market cap of $1.01 billion, a P/E ratio of -6.33, a PEG ratio of 6.66 and a beta of 4.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.66 and a quick ratio of 0.62. Matador Resources Co has a 1 year low of $1.11 and a 1 year high of $19.83. The stock’s fifty day moving average price is $9.30 and its 200-day moving average price is $7.32.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, July 28th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. The firm had revenue of $118.80 million for the quarter, compared to the consensus estimate of $171.79 million. Matador Resources had a positive return on equity of 5.30% and a negative net margin of 15.93%. The company’s quarterly revenue was down 50.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that Matador Resources Co will post 0.07 earnings per share for the current year.
Several equities analysts have recently issued reports on MTDR shares. Stifel Nicolaus raised Matador Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $8.00 to $12.00 in a research note on Monday, July 20th. Wells Fargo & Company raised Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $13.00 in a research note on Monday. Imperial Capital upped their price target on Matador Resources from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Northland Securities upped their price target on Matador Resources from $7.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Finally, MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, July 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $13.63.
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 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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