Matador Resources (NYSE:MTDR) Shares Up 15%

Shares of Matador Resources Co (NYSE:MTDR) shot up 15% during trading on Monday . The stock traded as high as $19.67 and last traded at $19.00, 6,062,253 shares changed hands during mid-day trading. An increase of 142% from the average session volume of 2,506,823 shares. The stock had previously closed at $16.52.

Several brokerages have commented on MTDR. Stephens raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $22.00 to $24.00 in a research report on Tuesday, July 23rd. Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the company a “hold” rating in a research report on Thursday, July 11th. Stifel Nicolaus set a $24.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research report on Monday, August 12th. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, May 28th. Finally, ValuEngine raised shares of Matador Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Matador Resources presently has a consensus rating of “Buy” and a consensus target price of $30.46.

The firm has a market capitalization of $1.92 billion, a PE ratio of 11.73, a PEG ratio of 0.87 and a beta of 2.00. The company’s 50-day moving average price is $15.72 and its 200-day moving average price is $18.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.75 and a current ratio of 0.81.



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

In other news, Chairman Joseph Wm Foran acquired 8,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $15.05 per share, with a total value of $120,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bradley M. Robinson purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $15.34 per share, for a total transaction of $30,680.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 28,734 shares of company stock valued at $419,588. Corporate insiders own 6.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in Matador Resources during the 2nd quarter worth $30,000. Marshall Wace LLP acquired a new stake in Matador Resources during the 1st quarter worth $74,000. Zions Bancorporation N.A. acquired a new stake in Matador Resources during the 1st quarter worth $91,000. Shell Asset Management Co. acquired a new stake in Matador Resources during the 1st quarter worth $225,000. Finally, LPL Financial LLC acquired a new stake in Matador Resources during the 2nd quarter worth $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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