Comerica Bank grew its holdings in shares of Matador Resources (NYSE:MTDR) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,948 shares of the energy company’s stock after purchasing an additional 4,693 shares during the quarter. Comerica Bank owned approximately 0.09% of Matador Resources worth $3,405,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Matador Resources by 36.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after acquiring an additional 1,617 shares during the period. Strs Ohio grew its stake in shares of Matador Resources by 125.9% during the 4th quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after acquiring an additional 3,400 shares during the period. Creative Planning bought a new position in shares of Matador Resources during the 4th quarter valued at approximately $201,000. Driehaus Capital Management LLC bought a new position in shares of Matador Resources during the 4th quarter valued at approximately $202,000. Finally, Shelton Capital Management bought a new position in shares of Matador Resources during the 4th quarter valued at approximately $222,000. 87.75% of the stock is owned by hedge funds and other institutional investors.
Matador Resources opened at $33.21 on Friday, Marketbeat.com reports. Matador Resources has a 1-year low of $20.13 and a 1-year high of $35.22. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 46.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, May 2nd. The energy company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Matador Resources had a return on equity of 8.31% and a net margin of 23.15%. The business had revenue of $182.00 million during the quarter, compared to the consensus estimate of $168.16 million. During the same period in the prior year, the company posted $0.08 EPS. The firm’s revenue for the quarter was up 58.5% compared to the same quarter last year. sell-side analysts expect that Matador Resources will post 1.44 EPS for the current fiscal year.
A number of research analysts recently issued reports on MTDR shares. TheStreet upgraded Matador Resources from a “c+” rating to a “b-” rating in a research note on Wednesday, May 2nd. Royal Bank of Canada set a $36.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Monday, March 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Saturday, March 10th. Northland Securities set a $35.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, Stephens set a $40.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Matador Resources has an average rating of “Buy” and a consensus price target of $34.27.
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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