November 28, 2016 - By Linda Rogers
Deutsche Bank issued a Hold rating on Matador Resources Company (NYSE:MTDR). The firm started coverage on shares of MTDR in a an analyst report sent to clients and investors on 28 November. Deutsche Bank’s target price per share indicates upside of 14.47% from the company’s current stock price.
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 5.81% above today’s ($24.46) stock price. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Matador Resources Co (NYSE:MTDR) earned “Hold” rating by KLR Group on Wednesday, December 9. The rating was initiated by Bank of America with “Neutral” on Wednesday, December 16. JP Morgan initiated the stock with “Overweight” rating in Tuesday, October 13 report. The firm has “Outperform” rating given on Friday, August 5 by FBR Capital. The firm earned “Reduce” rating on Thursday, October 15 by KLR Group. As per Tuesday, March 8, the company rating was downgraded by KLR Group. The company was upgraded on Wednesday, June 29 by Stifel Nicolaus. The firm has “Accumulate” rating by KLR Group given on Tuesday, January 19. Mizuho initiated the stock with “Neutral” rating in Thursday, October 6 report. The firm has “Overweight” rating given on Tuesday, March 15 by JP Morgan.
About 449,337 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 76.41 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 fall, 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.
Ameriprise Incorporated last reported 0.02% of its portfolio in the stock. Victory Management accumulated 1.05M shares or 0.08% of the stock. Commercial Bank Of Montreal Can accumulated 75,325 shares or 0% of the stock. Balyasny Asset Mgmt Ltd Liability Corporation reported 129,390 shares or 0.02% of all its holdings. Wfg Advsrs Limited Partnership, a Texas-based fund reported 1 shares. Swiss Bank last reported 139,602 shares in the company. Moreover, Amalgamated Commercial Bank has 0.01% invested in Matador Resources Co (NYSE:MTDR) for 8,773 shares. Westwood Grp Inc Inc accumulated 95,300 shares or 0.02% of the stock. State Street Corporation has 0.01% invested in the company for 2.80 million shares. Cwm Lc last reported 0.03% of its portfolio in the stock. Cipher Limited Partnership has 79,300 shares for 0.11% of their US portfolio. Stoneridge Investment Prtn Ltd Llc, a Pennsylvania-based fund reported 38,083 shares. Argentus Cap Management Ltd accumulated 7,800 shares or 0.07% of the stock. Metropolitan Life Ins reported 60,311 shares or 0.01% of all its holdings. Barclays Plc holds 84,903 shares or 0% of its portfolio.
Insider Transactions: Since August 8, 2016, the stock had 2 insider buys, and 0 sales for $249,062 net activity. 2,288 shares with value of $50,016 were bought by Byerley William M on Monday, August 8. Davis Joe A also bought $199,046 worth of Matador Resources Co (NYSE:MTDR) on Wednesday, August 31.
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 $2.25 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