Matador Resources Co (NYSE:MTDR) – Equities researchers at Imperial Capital raised their FY2018 earnings per share estimates for Matador Resources in a research note issued on Friday. Imperial Capital analyst I. Haas now forecasts that the energy company will post earnings per share of $1.35 for the year, up from their previous estimate of $1.23. Imperial Capital currently has a “Outperform” rating and a $42.00 price target on the stock.
A number of other equities research analysts also recently weighed in on MTDR. Royal Bank of Canada set a $33.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research note on Friday. Stephens set a $40.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Friday. Mizuho upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. SunTrust Banks set a $40.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, BidaskClub upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Matador Resources has an average rating of “Buy” and an average target price of $32.71.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The company had revenue of $168.40 million for the quarter, compared to the consensus estimate of $148.89 million. During the same period last year, the company posted $0.08 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings 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 last quarter. Millennium Management LLC boosted its holdings 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 last quarter. Dimensional Fund Advisors LP boosted its holdings 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 last quarter. GW&K Investment Management LLC boosted its holdings 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings 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 last quarter. 85.50% of the stock is currently owned by hedge funds and other institutional investors.
In other Matador Resources news, Director David M. Posner purchased 1,035 shares of Matador Resources stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average price of $28.92 per share, with a total value of $29,932.20. Following the transaction, the director now owns 6,274 shares in the company, valued at approximately $181,444.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.
WARNING: This piece was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3225707/fy2018-earnings-forecast-for-matador-resources-co-issued-by-imperial-capital-mtdr.html.
About Matador Resources
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.
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.