Rating Change: Matador Resources (NYSE:MTDR) Is Now Covered By One More Research Firm

November 28, 2016 - By Adrian Mccoy

Rating Change: Matador Resources (NYSE:MTDR) Is Now Covered By One More Research Firm

Why Deutsche Bank Gives Matador Resources (NYSE:MTDR) $25.68 Price Target

Deutsche Bank analyst has initiated coverage on Matador Resources (NYSE:MTDR) with a $25.68 target and Hold rating. The target would indicate a potential upside of 7.18% from firm’s last close price.

Matador Resources Co (NYSE:MTDR) Ratings Coverage

Out of 15 analysts covering Matador Resources (NYSE:MTDR), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $37 is the highest target while $18 is the lowest. The $25.88 average target is 8.01% above today’s ($23.96) stock price. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, December 9, the company rating was upgraded by KLR Group. FBR Capital maintained Matador Resources Co (NYSE:MTDR) rating on Friday, August 5. FBR Capital has “Outperform” rating and $30 price target. The firm has “Buy” rating by Wunderlich given on Thursday, February 4. The firm has “Outperform” rating given on Friday, November 6 by Northland Capital. RBC Capital Markets maintained Matador Resources Co (NYSE:MTDR) on Thursday, November 5 with “Outperform” rating. The stock of Matador Resources Co (NYSE:MTDR) earned “Hold” rating by KLR Group on Tuesday, March 8. The company was initiated on Thursday, July 21 by FBR Capital. KLR Group downgraded the shares of MTDR in a report on Thursday, October 15 to “Reduce” rating. As per Wednesday, April 6, the company rating was downgraded by Stifel Nicolaus. The stock has “Outperform” rating given by Iberia Capital Partners on Friday, January 22.

About 608,440 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 18.63% since April 25, 2016 and is uptrending. It has outperformed by 12.61% the S&P500.

Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on February, 22. They expect $0.08 earnings per share, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $7.38 million for 74.88 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by Matador Resources Co for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.69, from 1.8 in 2016Q1. The ratio dropped, as 16 funds sold all Matador Resources Co shares owned while 45 reduced positions. 37 funds bought stakes while 73 increased positions. They now own 74.97 million shares or 5.00% less from 78.92 million shares in 2016Q1.

Swiss Fincl Bank has invested 0% of its portfolio in Matador Resources Co (NYSE:MTDR). 1492 Capital Mngmt Limited Liability Com has 1.75% invested in the company for 98,407 shares. First Dallas Secs Incorporated holds 24,555 shares or 0.38% of its portfolio. Secor Cap Advisors L P has 15,744 shares for 0.04% of their US portfolio. Cannell Peter B Incorporated has invested 0.58% of its portfolio in Matador Resources Co (NYSE:MTDR). Td Asset accumulated 0% or 29,700 shares. Schwab Charles Inc has invested 0.01% of its portfolio in Matador Resources Co (NYSE:MTDR). Stoneridge Investment Partners Limited Liability Corp holds 0.11% or 38,083 shares in its portfolio. Principal Grp Inc Inc accumulated 0% or 11,107 shares. Virginia Retirement Et Al has 12,400 shares for 0% of their US portfolio. Amarillo Bank & Trust reported 152,284 shares or 1.35% of all its holdings. Amalgamated Savings Bank has invested 0.01% of its portfolio in Matador Resources Co (NYSE:MTDR). Parkwood Ltd Limited Liability Company reported 45,787 shares or 0.18% of all its holdings. First Manhattan Communications, a New York-based fund reported 6,450 shares. Northpointe Cap Ltd Liability Corp last reported 1.1% of its portfolio in the stock.

Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 selling transactions for $249,062 net activity. Davis Joe A bought $199,046 worth of Matador Resources Co (NYSE:MTDR) on Wednesday, August 31. $50,016 worth of shares were bought by Byerley William M on Monday, August 8.

Matador Resources Company is an independent energy firm engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The company has a market cap of $2.21 billion. The Company’s segment is oil and natural gas exploration and production. It currently has negative earnings. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

According to Zacks Investment Research, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.”

MTDR Company Profile

Matador Resources Company, incorporated on November 22, 2010, is an independent energy firm engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segment is oil and natural gas exploration and production. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Firm also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.

More recent Matador Resources Co (NYSE:MTDR) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on February 02, 2012. Also Fool.com published the news titled: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Quotes.Wsj.com‘s news article titled: “News Matador Resources Co.MTDR” with publication date: January 28, 2012 was also an interesting one.

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