Raymond James & Associates bought a new position in Matador Resources (NYSE:MTDR) in the 4th quarter, HoldingsChannel reports. The firm bought 47,014 shares of the energy company’s stock, valued at approximately $1,464,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Matador Resources by 216.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Matador Resources by 167.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,778,002 shares of the energy company’s stock valued at $55,349,000 after purchasing an additional 1,113,689 shares in the last quarter. BlackRock Inc. raised its stake in Matador Resources by 8.2% in the fourth quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock valued at $331,028,000 after purchasing an additional 804,173 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Matador Resources by 123.2% in the fourth quarter. OppenheimerFunds Inc. now owns 1,157,917 shares of the energy company’s stock valued at $36,047,000 after purchasing an additional 639,074 shares in the last quarter. Finally, GW&K Investment Management LLC grew its position in Matador Resources by 20.8% during the fourth quarter. GW&K Investment Management LLC now owns 2,160,513 shares of the energy company’s stock valued at $67,257,000 after acquiring an additional 372,122 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.
Several research analysts have recently issued reports on MTDR shares. SunTrust Banks set a $42.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada set a $39.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Friday. ValuEngine upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus set a $39.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Wednesday, March 28th. Finally, Johnson Rice started coverage on shares of Matador Resources in a report on Wednesday, March 21st. They issued a “buy” rating and a $38.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.81.
NYSE:MTDR opened at $31.39 on Tuesday. The firm has a market capitalization of $3,429.32, a P/E ratio of 43.60, a P/E/G ratio of 0.90 and a beta of 1.20. Matador Resources has a twelve month low of $20.13 and a twelve month high of $33.96. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $168.40 million for the quarter, compared to analysts’ expectations of $148.89 million. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. During the same quarter in the previous year, the business posted $0.08 earnings per share. analysts predict that Matador Resources will post 1.26 earnings per share for the current fiscal year.
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Matador Resources Company Profile
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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