Rating Coverage: Matador Resources (NYSE:MTDR) Is a Stock KLR Group Is Wary of; Firm Downgrades It

November 28, 2016 - By Linda Rogers

Rating Coverage: Matador Resources (NYSE:MTDR) Is a Stock KLR Group Is Wary of; Firm Downgrades It

Matador Resources (NYSE:MTDR) Downgrade

In a a report published on Monday, 28 November, KLR Group has downgraded Matador Resources (NYSE:MTDR) stock to “Hold”. MTDR’s old rating was “Accumulate”.

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 7.16% above today’s ($24.15) stock price. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, March 9 the stock rating was maintained by Wunderlich with “Buy”. Nomura initiated Matador Resources Co (NYSE:MTDR) on Thursday, December 3 with “Neutral” rating. The firm has “Outperform” rating by Northland Capital given on Friday, November 6. Stifel Nicolaus maintained it with “Buy” rating and $20 target price in Thursday, February 25 report. The rating was initiated by Canaccord Genuity on Tuesday, October 20 with “Hold”. FBR Capital initiated Matador Resources Co (NYSE:MTDR) on Thursday, July 21 with “Outperform” rating. The company was maintained on Friday, August 5 by FBR Capital. The firm has “Overweight” rating given on Tuesday, March 15 by JP Morgan. The stock has “Accumulate” rating given by KLR Group on Wednesday, September 21. JP Morgan initiated the shares of MTDR in a report on Tuesday, October 13 with “Overweight” rating.

About 519,540 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 $7.36M for 75.44 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 2016 Q2. Its down 0.69, from 1.8 in 2016Q1. The ratio turned negative, 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, Envestnet Asset Mngmt has 0% invested in Matador Resources Co (NYSE:MTDR) for 17,001 shares. Seven Eight Capital Limited Liability Company reported 7,300 shares or 0.05% of all its holdings. First Republic Invest Management reported 15,247 shares or 0% of all its holdings. Blackrock Investment Mngmt Lc reported 309,189 shares or 0.01% of all its holdings. D E Shaw & Communications reported 136,739 shares or 0% of all its holdings. Timessquare Limited Co accumulated 0.19% or 1.48M shares. The Virginia-based Virginia Retirement Sys Et Al has invested 0% in Matador Resources Co (NYSE:MTDR). Swiss Comml Bank holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 139,602 shares. Sfmg Limited Liability Corp holds 98,551 shares or 0.44% of its portfolio. Suntrust Banks Inc accumulated 0% or 11,043 shares. Teton last reported 35,600 shares in the company. Mcf Limited Liability Corporation, a Kentucky-based fund reported 72,500 shares. Wellington Mgmt Llp has invested 0.01% of its portfolio in Matador Resources Co (NYSE:MTDR). Tompkins Fincl holds 120 shares or 0% of its portfolio. Axa accumulated 0% or 12,286 shares.

Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 selling transactions for $249,062 net activity. Davis Joe A had bought 8,767 shares worth $199,046 on Wednesday, August 31. Byerley William M had bought 2,288 shares worth $50,016.

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 $2.22 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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