Matador Resources (NYSE:MTDR) saw unusually large options trading activity on Thursday. Stock traders purchased 2,902 call options on the stock. This is an increase of 2,167% compared to the typical daily volume of 128 call options.
Several equities research analysts have issued reports on the stock. Royal Bank of Canada set a $39.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Matador Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Mizuho raised shares of Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus set a $39.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.69.
MTDR opened at $31.39 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91. Matador Resources has a 1 year low of $20.13 and a 1 year high of $33.96. The company has a market capitalization of $3,371.42, a P/E ratio of 43.60, a P/E/G ratio of 0.89 and a beta of 1.21.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in shares of Matador Resources by 4.4% in the fourth quarter. Sei Investments Co. now owns 142,446 shares of the energy company’s stock worth $4,434,000 after acquiring an additional 5,948 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Matador Resources by 22.5% in the third quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock valued at $3,445,000 after buying an additional 23,274 shares during the period. Arizona State Retirement System raised its holdings in Matador Resources by 37.5% in the fourth quarter. Arizona State Retirement System now owns 69,470 shares of the energy company’s stock valued at $2,163,000 after buying an additional 18,943 shares during the period. Legal & General Group Plc raised its holdings in Matador Resources by 8.5% in the third quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock valued at $2,074,000 after buying an additional 5,975 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Matador Resources in the third quarter valued at approximately $264,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.
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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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