Brasada Capital Management LP Sells 4,123 Shares of Matador Resources Co (MTDR)

Brasada Capital Management LP decreased its holdings in Matador Resources Co (NYSE:MTDR) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,872 shares of the energy company’s stock after selling 4,123 shares during the period. Brasada Capital Management LP’s holdings in Matador Resources were worth $1,834,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. ETRADE Capital Management LLC raised its holdings in Matador Resources by 2.3% in the 4th quarter. ETRADE Capital Management LLC now owns 27,525 shares of the energy company’s stock valued at $427,000 after acquiring an additional 617 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Matador Resources by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 44,252 shares of the energy company’s stock worth $687,000 after buying an additional 652 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Matador Resources by 1.1% during the 4th quarter. Arizona State Retirement System now owns 74,313 shares of the energy company’s stock worth $1,154,000 after buying an additional 777 shares during the last quarter. First National Bank of Omaha increased its holdings in shares of Matador Resources by 1.3% during the 1st quarter. First National Bank of Omaha now owns 73,811 shares of the energy company’s stock worth $1,427,000 after buying an additional 944 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Matador Resources by 64.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

Matador Resources stock opened at $19.33 on Tuesday. Matador Resources Co has a fifty-two week low of $13.97 and a fifty-two week high of $34.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market capitalization of $2.32 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.94 and a beta of 1.85.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Matador Resources had a net margin of 22.37% and a return on equity of 9.57%. The firm had revenue of $173.89 million during the quarter, compared to the consensus estimate of $198.76 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, sell-side analysts expect that Matador Resources Co will post 1.24 EPS for the current year.

A number of brokerages have recently issued reports on MTDR. Wells Fargo & Co restated a “hold” rating on shares of Matador Resources in a report on Friday, April 12th. Zacks Investment Research downgraded shares of Matador Resources from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Northland Securities restated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a report on Tuesday, February 26th. Raymond James set a $24.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, SunTrust Banks upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $29.00 in a report on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.13.

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About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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