Matador Resources Co (NYSE:MTDR) – Analysts at Capital One Financial issued their FY2019 earnings estimates for shares of Matador Resources in a research note issued to investors on Thursday, Zacks Investment Research reports. Capital One Financial analyst R. Tullis forecasts that the energy company will earn $1.76 per share for the year.
Other equities research analysts have also issued reports about the company. Stifel Nicolaus set a $36.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Monday, January 29th. SunTrust Banks set a $40.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Friday, January 19th. Mizuho upgraded Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada set a $32.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.76.
Matador Resources (NYSE:MTDR) traded down $0.07 during mid-day trading on Monday, hitting $28.85. The stock had a trading volume of 436,655 shares, compared to its average volume of 1,222,176. Matador Resources has a 52 week low of $20.13 and a 52 week high of $33.96. The company has a market cap of $3,203.17, a price-to-earnings ratio of 23.79, a P/E/G ratio of 0.83 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. The company had revenue of $168.40 million for the quarter, compared to analyst estimates of $148.89 million. During the same period in the prior year, the company posted $0.08 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Matador Resources by 16.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 166,094 shares of the energy company’s stock worth $5,171,000 after buying an additional 23,747 shares in the last quarter. CS Mckee LP lifted its holdings in Matador Resources by 29.3% during the 4th quarter. CS Mckee LP now owns 45,900 shares of the energy company’s stock worth $1,429,000 after buying an additional 10,400 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Matador Resources during the 4th quarter worth $3,298,000. Municipal Employees Retirement System of Michigan lifted its holdings in Matador Resources by 8.2% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 29,170 shares of the energy company’s stock worth $908,000 after buying an additional 2,200 shares in the last quarter. Finally, Castleark Management LLC lifted its holdings in Matador Resources by 55.7% during the 4th quarter. Castleark Management LLC now owns 539,020 shares of the energy company’s stock worth $16,780,000 after buying an additional 192,925 shares in the last quarter. 87.66% of the stock is currently owned by institutional investors and hedge funds.
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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.
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