Matador Resources Co (NYSE:MTDR) – Investment analysts at SunTrust Banks increased their FY2018 earnings per share estimates for Matador Resources in a report released on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst N. Dingmann now expects that the energy company will earn $1.21 per share for the year, up from their previous estimate of $1.07. SunTrust Banks currently has a “Buy” rating and a $40.00 target price on the stock. SunTrust Banks also issued estimates for Matador Resources’ FY2019 earnings at $1.74 EPS.
A number of other equities research analysts have also issued reports on MTDR. Zacks Investment Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Deutsche Bank assumed coverage on Matador Resources in a research note on Thursday, February 1st. They issued a “hold” rating and a $37.00 price target for the company. Northland Securities set a $33.00 price target on Matador Resources and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Mizuho upgraded Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.81.
Matador Resources (MTDR) traded up $0.61 during trading hours on Wednesday, hitting $28.87. The stock had a trading volume of 146,806 shares, compared to its average volume of 1,202,246. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a market cap of $3,140.63, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 0.68 and a beta of 1.20. Matador Resources has a 52-week low of $20.13 and a 52-week high of $33.96.
In other Matador Resources news, Director David M. Posner purchased 1,035 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $28.92 per share, with a total value of $29,932.20. Following the acquisition, the director now owns 6,274 shares in the company, valued at $181,444.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Matador Resources by 8.2% in the 4th quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock valued at $331,028,000 after acquiring an additional 804,173 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Matador Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock valued at $156,044,000 after acquiring an additional 241,175 shares during the last quarter. State Street Corp lifted its holdings in shares of Matador Resources by 40.5% in the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after acquiring an additional 1,370,196 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 216.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after purchasing an additional 1,682,663 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Matador Resources by 20.8% in the fourth quarter. GW&K Investment Management LLC now owns 2,160,513 shares of the energy company’s stock worth $67,257,000 after purchasing an additional 372,122 shares during the last quarter. 85.90% of the stock is owned by hedge funds and other institutional investors.
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About Matador Resources
Matador Resources Company is an independent energy company 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 segments include exploration and production, and midstream.
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