Matador Resources (NYSE:MTDR) had its price objective boosted by Imperial Capital from $41.00 to $42.00 in a research note published on Friday morning. The brokerage currently has an outperform rating on the energy company’s stock. Imperial Capital also issued estimates for Matador Resources’ FY2018 earnings at $1.35 EPS.
Other research analysts have also recently issued reports about the company. Northland Securities set a $35.00 price objective on Matador Resources and gave the stock a buy rating in a research report on Monday, November 13th. SunTrust Banks reaffirmed a buy rating and set a $32.00 price objective on shares of Matador Resources in a research report on Friday, November 10th. BidaskClub raised Matador Resources from a hold rating to a buy rating in a research report on Thursday, November 9th. BMO Capital Markets set a $30.00 price objective on Matador Resources and gave the stock a buy rating in a research report on Tuesday, November 14th. Finally, Stifel Nicolaus set a $36.00 target price on Matador Resources and gave the company a buy rating in a research report on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $32.71.
Matador Resources (NYSE MTDR) opened at $30.24 on Friday. The stock has a market capitalization of $3,280.00, a PE ratio of 24.59, a PEG ratio of 0.75 and a beta of 1.20. Matador Resources has a 1 year low of $20.13 and a 1 year high of $33.96. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.
In related news, Director David M. Posner acquired 1,035 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $28.92 per share, with a total value of $29,932.20. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at $181,444.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Matador Resources by 8.2% during the 4th quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock worth $331,028,000 after acquiring an additional 804,173 shares during the period. Millennium Management LLC lifted its position in Matador Resources by 49.2% during the 4th quarter. Millennium Management LLC now owns 3,570,281 shares of the energy company’s stock worth $111,143,000 after acquiring an additional 1,176,599 shares during the period. Dimensional Fund Advisors LP lifted its position in Matador Resources by 216.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after acquiring an additional 1,682,663 shares during the period. GW&K Investment Management LLC lifted its position in Matador Resources by 20.8% during the 4th quarter. GW&K Investment Management LLC now owns 2,160,513 shares of the energy company’s stock worth $67,257,000 after acquiring an additional 372,122 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Matador Resources by 167.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,778,002 shares of the energy company’s stock worth $55,349,000 after acquiring an additional 1,113,689 shares during the period. 85.50% of the stock is owned by institutional investors.
Matador Resources Company Profile
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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