Matador Resources (NYSE:MTDR) Shares Gap Down to $15.02

Matador Resources Co (NYSE:MTDR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $14.07, but opened at $15.02. Matador Resources shares last traded at $14.86, with a volume of 417,297 shares changing hands.

MTDR has been the topic of several research analyst reports. JPMorgan Chase & Co. raised 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 report on Friday, June 7th. ValuEngine raised Matador Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. MKM Partners raised Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, May 28th. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the company a “hold” rating in a report on Thursday, July 11th. Finally, Stephens raised Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $22.00 to $24.00 in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.40.

The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $18.16. The stock has a market capitalization of $1.94 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.94 and a beta of 1.96.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.11. The firm had revenue of $241.70 million for the quarter, compared to analyst estimates of $210.42 million. Matador Resources had a return on equity of 8.71% and a net margin of 19.10%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts anticipate that Matador Resources Co will post 0.99 earnings per share for the current year.

In related news, President Matthew V. Hairford acquired 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $33,560.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley M. Robinson acquired 5,000 shares of Matador Resources stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $16.76 per share, for a total transaction of $83,800.00. The disclosure for this purchase can be found here. Insiders bought 21,000 shares of company stock worth $342,560 over the last ninety days. Corporate insiders own 6.90% of the company’s stock.

A number of large investors have recently bought and sold shares of MTDR. Private Capital Group LLC raised its position in Matador Resources by 91.5% in the first 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 acquired a new stake in shares of Matador Resources in the first quarter valued at $74,000. Zions Bancorporation N.A. acquired a new stake in shares of Matador Resources in the first quarter valued at $91,000. Gradient Investments LLC acquired a new stake in shares of Matador Resources in the first quarter valued at $102,000. Finally, Starr International Co. Inc. acquired a new stake in shares of Matador Resources in the first quarter valued at $192,000. Institutional investors own 94.96% of the company’s stock.

About Matador Resources (NYSE:MTDR)

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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