Matador Resources (NYSE:MTDR) Shares Gap Up to $19.00

Matador Resources Co (NYSE:MTDR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $20.09, but opened at $19.00. Matador Resources shares last traded at $17.62, with a volume of 167,428 shares.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the company a “hold” rating in a research note on Thursday, July 11th. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, May 28th. JPMorgan Chase & Co. raised shares of Matador Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $28.00 to $26.00 in a research report on Friday, June 7th. Finally, Stifel Nicolaus set a $24.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Matador Resources currently has a consensus rating of “Buy” and an average target price of $30.46.

The company has a market capitalization of $1.93 billion, a P/E ratio of 10.66, a PEG ratio of 0.87 and a beta of 2.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.75 and a current ratio of 0.81. The stock has a 50 day moving average price of $15.72 and a 200 day moving average price of $18.03.



Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.11. Matador Resources had a return on equity of 8.71% and a net margin of 19.10%. The company had revenue of $241.70 million during the quarter, compared to analyst estimates of $210.42 million. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts expect that Matador Resources Co will post 1.07 earnings per share for the current year.

In other Matador Resources news, Director Timothy E. Parker purchased 3,584 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $13.94 per share, with a total value of $49,960.96. Following the completion of the acquisition, the director now directly owns 24,151 shares in the company, valued at approximately $336,664.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bradley M. Robinson bought 2,000 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $15.34 per share, for a total transaction of $30,680.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 28,734 shares of company stock valued at $419,588. Corporate insiders own 6.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in Matador Resources during the 2nd quarter valued at approximately $30,000. Marshall Wace LLP bought a new stake in shares of Matador Resources during the 1st quarter worth approximately $74,000. Zions Bancorporation N.A. bought a new stake in shares of Matador Resources during the 1st quarter worth approximately $91,000. Shell Asset Management Co. bought a new stake in Matador Resources during the 1st quarter valued at $225,000. Finally, LPL Financial LLC bought a new stake in Matador Resources during the 2nd quarter valued at $235,000.

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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