Matador Resources (MTDR) – Investment Analysts’ Weekly Ratings Changes

Matador Resources (NYSE: MTDR) has recently received a number of price target changes and ratings updates:

  • 10/12/2016 – Matador Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas. “
  • 10/6/2016 – Matador Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas. “
  • 10/5/2016 – Matador Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas. “
  • 10/5/2016 – Matador Resources is now covered by analysts at Mizuho. They set a “neutral” rating and a $25.00 price target on the stock.
  • 9/21/2016 – Matador Resources was upgraded by analysts at KLR Group from a “hold” rating to an “accumulate” rating. They now have a $25.00 price target on the stock.
  • 9/20/2016 – Matador Resources was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas. “

Shares of Matador Resources Co (NYSE:MTDR) opened at 23.23 on Monday. Matador Resources Co has a one year low of $11.13 and a one year high of $27.63. The stock’s market capitalization is $2.17 billion. The company’s 50 day moving average price is $22.87 and its 200 day moving average price is $21.83.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 3rd. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.09. The company had revenue of $45.20 million for the quarter, compared to analyst estimates of $62.61 million. Matador Resources had a negative return on equity of 1.92% and a negative net margin of 269.02%. Matador Resources’s revenue for the quarter was down 42.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, equities analysts expect that Matador Resources Co will post ($0.13) earnings per share for the current year.

In other Matador Resources news, Director William M. Byerley purchased 2,288 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $21.86 per share, with a total value of $50,015.68. Following the completion of the transaction, the director now owns 4,035 shares of the company’s stock, valued at $88,205.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joe A. Davis purchased 8,767 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average cost of $22.70 per share, for a total transaction of $199,010.90. Following the completion of the transaction, the director now directly owns 1,747 shares of the company’s stock, valued at approximately $39,656.90. The disclosure for this purchase can be found here. Corporate insiders own 12.70% of the company’s stock.

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 segment is oil and natural gas exploration and production.

5 Day Chart for NYSE:MTDR

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