Matador Resources (MTDR) Shares Gap Up to $20.95

Matador Resources Co (NYSE:MTDR)’s share price gapped up prior to trading on Monday . The stock had previously closed at $21.40, but opened at $20.95. Matador Resources shares last traded at $20.81, with a volume of 75104 shares.

Several equities research analysts recently weighed in on MTDR shares. Imperial Capital restated an “outperform” rating and set a $33.00 target price (up from $31.00) on shares of Matador Resources in a report on Monday, April 1st. Wells Fargo & Co restated a “hold” rating on shares of Matador Resources in a report on Wednesday, March 13th. SunTrust Banks upgraded Matador Resources from a “hold” rating to a “buy” rating and increased their target price for the company from $23.00 to $29.00 in a report on Tuesday, February 19th. Zacks Investment Research cut Matador Resources from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. Finally, Capital One Financial cut Matador Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Matador Resources has a consensus rating of “Hold” and a consensus target price of $33.13.

The stock has a market cap of $2.39 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.85 and a beta of 1.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.87.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The business had revenue of $202.10 million during the quarter, compared to analyst estimates of $202.83 million. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. Matador Resources’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. Equities analysts predict that Matador Resources Co will post 1.22 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. Retirement Systems of Alabama raised its position in shares of Matador Resources by 3.7% in the 1st quarter. Retirement Systems of Alabama now owns 449,842 shares of the energy company’s stock worth $8,695,000 after acquiring an additional 15,999 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Matador Resources in the 1st quarter worth approximately $102,000. Fenimore Asset Management Inc. raised its position in shares of Matador Resources by 30.6% in the 1st quarter. Fenimore Asset Management Inc. now owns 472,187 shares of the energy company’s stock worth $9,127,000 after acquiring an additional 110,580 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Matador Resources by 43.5% in the 1st quarter. Chartwell Investment Partners LLC now owns 173,987 shares of the energy company’s stock worth $3,363,000 after acquiring an additional 52,726 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Matador Resources by 827.6% in the 1st quarter. Huntington National Bank now owns 12,077 shares of the energy company’s stock worth $233,000 after acquiring an additional 10,775 shares in the last quarter. 93.65% of the stock is owned by institutional investors and hedge funds.

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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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