Matador Resources (NYSE:MTDR) Shares Down 5.7%

Matador Resources Co (NYSE:MTDR) traded down 5.7% during trading on Wednesday . The company traded as low as $17.51 and last traded at $17.52, 2,276,935 shares traded hands during mid-day trading. A decline of 3% from the average session volume of 2,359,503 shares. The stock had previously closed at $18.58.

A number of equities research analysts recently commented on the company. MKM Partners raised 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. JPMorgan Chase & Co. increased their price target on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a “neutral” rating in a research report on Friday, June 7th. Imperial Capital reaffirmed an “outperform” rating and set a $33.00 target price (up from $31.00) on shares of Matador Resources in a research report on Monday, April 1st. Finally, Wells Fargo & Co set a $33.00 target price on Matador Resources and gave the company a “hold” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Matador Resources presently has a consensus rating of “Hold” and an average price target of $32.73.

The firm has a market capitalization of $2.17 billion, a PE ratio of 10.81, a PEG ratio of 0.88 and a beta of 1.98. The company’s 50-day simple moving average is $18.10. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. The company had revenue of $173.89 million during the quarter, compared to analyst estimates of $198.76 million. During the same quarter last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts anticipate that Matador Resources Co will post 1.21 earnings per share for the current year.

In other news, Director Kenneth L. Stewart acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $17.76 per share, with a total value of $88,800.00. Following the acquisition, the director now owns 37,532 shares in the company, valued at approximately $666,568.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Matthew V. Hairford acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average cost of $16.78 per share, with a total value of $33,560.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 13,000 shares of company stock valued at $222,160. 6.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Lake Point Wealth Management bought a new position in Matador Resources in the 4th quarter worth about $153,000. Geode Capital Management LLC boosted its stake in Matador Resources by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,098,757 shares of the energy company’s stock worth $17,063,000 after purchasing an additional 75,623 shares during the period. Advisor Group Inc. boosted its stake in Matador Resources by 16.3% in the 4th quarter. Advisor Group Inc. now owns 11,529 shares of the energy company’s stock worth $179,000 after purchasing an additional 1,615 shares during the period. Oak Ridge Investments LLC boosted its stake in Matador Resources by 4.6% in the 1st quarter. Oak Ridge Investments LLC now owns 381,196 shares of the energy company’s stock worth $7,369,000 after purchasing an additional 16,687 shares during the period. Finally, Chartwell Investment Partners LLC boosted its position in shares of Matador Resources by 43.5% during the 1st quarter. Chartwell Investment Partners LLC now owns 173,987 shares of the energy company’s stock valued at $3,363,000 after acquiring an additional 52,726 shares during the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.

Matador Resources Company Profile (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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