November 28, 2016 - By Linda Rogers
In a a report revealed to clients and investors today, KLR Group downgraded shares of Matador Resources (NYSE:MTDR) to a “Hold” rating from a “Accumulate” rating.
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 4.35% above today’s ($24.8) stock price. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, October 6 the stock rating was initiated by Mizuho with “Neutral”. The rating was upgraded by KLR Group to “Accumulate” on Tuesday, January 19. FBR Capital initiated it with “Outperform” rating and $28 target price in Thursday, July 21 report. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, April 6. The firm earned “Outperform” rating on Friday, January 22 by Iberia Capital Partners. The stock of Matador Resources Co (NYSE:MTDR) has “Buy” rating given on Wednesday, June 8 by Sterne Agee CRT. Northland Capital maintained the shares of MTDR in a report on Wednesday, September 16 with “Outperform” rating. On Wednesday, June 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The firm has “Accumulate” rating by KLR Group given on Wednesday, September 21. The company was initiated on Tuesday, October 20 by Canaccord Genuity.
About 197,063 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 EPS, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $7.35 million for 77.50 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 is 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.
Ubs Oconnor Ltd has 18,920 shares for 0% of their US portfolio. Waddell & Reed Fincl has 0.03% invested in the company for 764,000 shares. Fifth Third Retail Bank has invested 0% of its portfolio in Matador Resources Co (NYSE:MTDR). Metropolitan Life Ins Company last reported 60,311 shares in the company. Envestnet Asset Mngmt has 17,001 shares for 0% of their US portfolio. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 11,618 shares. Blackrock Grp Incorporated has 112,040 shares for 0% of their US portfolio. Price T Rowe Associates Md owns 11.22 million shares or 0.05% of their US portfolio. Thrivent Financial For Lutherans accumulated 21,460 shares or 0% of the stock. Moreover, First Fincl Bank Of Omaha has 0.04% invested in Matador Resources Co (NYSE:MTDR) for 28,250 shares. Proshare Advsr Ltd Liability Com holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 10,837 shares. Oxbow Advisors reported 78,003 shares or 0.22% of all its holdings. Conestoga Cap Advisors Ltd Liability has 1.11M shares for 1.62% of their US portfolio. Highbridge Cap Mgmt Ltd accumulated 0.01% or 23,930 shares. Parametric Portfolio Assoc Limited last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 8, 2016, the stock had 2 insider purchases, and 0 insider sales for $249,062 net activity. Davis Joe A had bought 8,767 shares worth $199,046 on Wednesday, August 31. $50,016 worth of Matador Resources Co (NYSE:MTDR) was 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 $2.28 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.”
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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By Linda Rogers