New York State Teachers Retirement System Grows Stock Position in Matador Resources Co (NYSE:MTDR)

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New York State Teachers Retirement System boosted its position in Matador Resources Co (NYSE:MTDR) by 101.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,126 shares of the energy company’s stock after buying an additional 44,326 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Matador Resources worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. D L Carlson Investment Group Inc. purchased a new position in shares of Matador Resources in the first quarter valued at $25,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Matador Resources in the first quarter valued at $27,000. Greenleaf Trust purchased a new position in shares of Matador Resources in the first quarter valued at $28,000. Advisor Group Holdings Inc. purchased a new position in shares of Matador Resources in the first quarter valued at $34,000. Finally, Alpine Global Management LLC purchased a new position in Matador Resources during the first quarter worth about $35,000. 88.83% of the stock is owned by institutional investors and hedge funds.

In other Matador Resources news, COO Billy E. Goodwin purchased 5,000 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $7.98 per share, with a total value of $39,900.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

NYSE MTDR opened at $8.68 on Friday. Matador Resources Co has a 1-year low of $1.11 and a 1-year high of $19.83. The company has a current ratio of 0.66, a quick ratio of 0.96 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $8.85 and a 200-day moving average of $8.56. The firm has a market cap of $1.01 billion, a PE ratio of -6.34, a price-to-earnings-growth ratio of 2.43 and a beta of 4.74.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 28th. The energy company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. Matador Resources had a positive return on equity of 5.30% and a negative net margin of 15.93%. The company had revenue of $118.80 million during the quarter, compared to analyst estimates of $171.79 million. During the same quarter in the previous year, the company posted $0.30 EPS. Matador Resources’s revenue for the quarter was down 50.8% on a year-over-year basis. As a group, equities research analysts forecast that Matador Resources Co will post 0.21 earnings per share for the current fiscal year.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. cut Matador Resources from an “overweight” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Thursday, July 23rd. Stifel Nicolaus upgraded Matador Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $12.00 in a research report on Monday, July 20th. MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, July 14th. Royal Bank of Canada restated a “buy” rating on shares of Matador Resources in a research report on Thursday, June 4th. Finally, Capital One Financial cut Matador Resources from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.46.

About Matador Resources

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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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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