Rating Coverage: Deutsche Bank Initiates “Hold” Rating, $25.68 Price Target On Matador Resources (MTDR)

November 28, 2016 - By whatsonthorold

Rating Coverage: Deutsche Bank Initiates

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

Stock research analysts at Deutsche Bank began coverage on shares of Matador Resources (MTDR) in a a report revealed on 28 November. The broker set a “Hold” rating on the stock. Deutsche Bank’s price target of $25.68 suggests potential of 1.06% from the stock’s previous stock close.

Matador Resources Co (NYSE:MTDR) Ratings Coverage

Out of 2 analysts covering Matador Resources (MTDR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $25.0 is the highest target while $25.0 is the lowest. The $25 average target is 4.73% above today’s ($23.87) stock price. Matador Resources has been the topic of 2 analyst reports since September 21, 2016 according to StockzIntelligence Inc. Mizuho initiated it with “Neutral” rating and $25.0 target price in Thursday, October 6 report. The stock of Matador Resources Co (NYSE:MTDR) has “Accumulate” rating given on Wednesday, September 21 by KLR Group.

About 618,819 shares traded hands. Matador Resources Co (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 EPS, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $7.37 million for 74.59 P/E if the $0.08 EPS becomes a reality. After $0.06 actual EPS 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.

Moreover, Advsrs Asset Inc has 0.02% invested in Matador Resources Co (NYSE:MTDR) for 53,187 shares. Cubist Systematic Strategies Ltd Company last reported 0.03% of its portfolio in the stock. Avalon Limited has invested 0.02% of its portfolio in Matador Resources Co (NYSE:MTDR). D E Shaw Inc holds 136,739 shares or 0% of its portfolio. Stoneridge Prtn Lc has 38,083 shares for 0.11% of their US portfolio. First Savings Bank Of Omaha last reported 28,250 shares in the company. Royal Bancorp Of Canada has 558,927 shares for 0.01% of their US portfolio. Manufacturers Life Insurance Co The accumulated 56,129 shares or 0% of the stock. Van Eck Associates Corporation accumulated 11,210 shares or 0% of the stock. The California-based Blackrock Institutional Trust Na has invested 0.01% in Matador Resources Co (NYSE:MTDR). Blackrock Fund Advsrs holds 0.01% or 2.07M shares in its portfolio. Cortina Asset Mgmt Ltd accumulated 0.58% or 643,730 shares. Moreover, Paloma Prns has 0% invested in Matador Resources Co (NYSE:MTDR) for 22,853 shares. Independent Portfolio Consultants Inc has 27,800 shares for 0.17% of their US portfolio. Jpmorgan Chase And Company accumulated 0% or 58,609 shares.

Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 sales for $249,062 net activity. $199,046 worth of Matador Resources Co (NYSE:MTDR) was bought by Davis Joe A. Byerley William M had bought 2,288 shares worth $50,016 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 $2.20 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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