Matador Resources (NYSE:MTDR) Upgraded at ValuEngine

ValuEngine upgraded shares of Matador Resources (NYSE:MTDR) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

MTDR has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Matador Resources from a neutral rating to an overweight rating and dropped their price objective for the company from $28.00 to $26.00 in a research note on Friday, June 7th. Wells Fargo & Co set a $33.00 price objective on shares of Matador Resources and gave the company a hold rating in a research note on Thursday, July 11th. MKM Partners upgraded shares of Matador Resources from a neutral rating to a buy rating and set a $22.00 price objective on the stock in a research note on Tuesday, May 28th. Finally, Stephens upgraded shares of Matador Resources from an equal weight rating to an overweight rating and upped their price objective for the company from $22.00 to $24.00 in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Matador Resources presently has a consensus rating of Buy and an average target price of $32.40.

Shares of NYSE:MTDR traded down $0.38 during mid-day trading on Thursday, hitting $16.63. The stock had a trading volume of 3,206,563 shares, compared to its average volume of 2,831,778. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1.98 billion, a P/E ratio of 10.27, a PEG ratio of 0.97 and a beta of 1.96. Matador Resources has a 12-month low of $13.97 and a 12-month high of $34.90. The firm’s 50 day simple moving average is $18.25.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.11. The business had revenue of $241.70 million during the quarter, compared to the consensus estimate of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities research analysts anticipate that Matador Resources will post 0.99 EPS for the current fiscal year.

In other Matador Resources news, Director Kenneth L. Stewart purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were bought at an average price of $17.76 per share, for a total transaction of $88,800.00. Following the purchase, the director now directly owns 37,532 shares in the company, valued at approximately $666,568.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matthew V. Hairford purchased 2,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $16.78 per share, for a total transaction of $33,560.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 13,000 shares of company stock worth $222,160. 6.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC boosted its holdings in Matador Resources by 91.5% in the 1st quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after purchasing an additional 1,071 shares during the period. Marshall Wace LLP bought a new stake in Matador Resources in the 1st quarter valued at $74,000. Zions Bancorporation N.A. bought a new stake in Matador Resources in the 1st quarter valued at $91,000. Gradient Investments LLC bought a new stake in Matador Resources in the 1st quarter valued at $102,000. Finally, Advisor Group Inc. boosted its holdings in Matador Resources by 16.3% in the 4th quarter. Advisor Group Inc. now owns 11,529 shares of the energy company’s stock valued at $179,000 after purchasing an additional 1,615 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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