Matador Resources Company (NYSE:MTDR) had its target price hoisted by KLR Group from $24.00 to $25.00 in a research note published on Wednesday, May 10th. They currently have a hold rating on the energy company’s stock.
Several other equities analysts have also commented on the stock. FBR & Co set a $32.00 price objective on shares of Matador Resources Company and gave the company a buy rating in a research report on Monday, March 27th. J P Morgan Chase & Co decreased their price objective on shares of Matador Resources Company from $31.00 to $30.00 and set an overweight rating for the company in a research report on Wednesday, March 22nd. Raymond James Financial, Inc. began coverage on shares of Matador Resources Company in a research report on Monday, January 23rd. They set an outperform rating and a $31.00 price target for the company. Barclays PLC raised their price target on shares of Matador Resources Company from $22.00 to $25.00 and gave the stock an equal weight rating in a research report on Thursday, January 26th. Finally, Tudor Pickering began coverage on shares of Matador Resources Company in a research report on Friday, January 20th. They set a buy rating for the company. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Matador Resources Company currently has an average rating of Buy and a consensus target price of $29.33.
Matador Resources Company (NYSE MTDR) traded down 6.01% on Wednesday, hitting $21.60. 1,982,053 shares of the stock traded hands. Matador Resources Company has a 12 month low of $18.56 and a 12 month high of $28.51. The firm has a 50-day moving average price of $23.14 and a 200-day moving average price of $24.37. The company has a market capitalization of $2.16 billion, a PE ratio of 38.03 and a beta of 1.18.
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In other news, Director Julia P. Forrester purchased 1,255 shares of the stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average price of $23.96 per share, with a total value of $30,069.80. Following the transaction, the director now owns 3,399 shares in the company, valued at approximately $81,440.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.12, for a total transaction of $254,320.00. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Matador Resources Company during the fourth quarter valued at about $827,000. FMR LLC bought a new stake in shares of Matador Resources Company during the fourth quarter valued at about $3,187,000. First National Bank of Omaha raised its stake in shares of Matador Resources Company by 33.5% in the first quarter. First National Bank of Omaha now owns 43,186 shares of the energy company’s stock valued at $1,027,000 after buying an additional 10,835 shares during the period. Columbus Circle Investors bought a new stake in shares of Matador Resources Company during the first quarter valued at about $4,208,000. Finally, CWM LLC raised its stake in shares of Matador Resources Company by 1,161.2% in the first quarter. CWM LLC now owns 627,291 shares of the energy company’s stock valued at $14,923,000 after buying an additional 577,554 shares during the period. Hedge funds and other institutional investors own 86.75% of the company’s stock.
About Matador Resources Company
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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