Matador Resources (NYSE:MTDR) – Analysts at SunTrust Banks raised their Q2 2018 earnings estimates for Matador Resources in a research note issued to investors on Monday, April 16th. SunTrust Banks analyst N. Dingmann now expects that the energy company will earn $0.33 per share for the quarter, up from their prior estimate of $0.30. SunTrust Banks currently has a “Buy” rating and a $42.00 target price on the stock. SunTrust Banks also issued estimates for Matador Resources’ Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.39 EPS and FY2019 earnings at $1.82 EPS.
A number of other brokerages have also recently issued reports on MTDR. Royal Bank of Canada set a $39.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research cut Matador Resources from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Mizuho raised Matador Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Stifel Nicolaus set a $39.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Wednesday, March 28th. Finally, Northland Securities set a $35.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.81.
MTDR stock opened at $31.39 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3,429.32, a PE ratio of 44.21, a PEG ratio of 0.90 and a beta of 1.20. Matador Resources has a fifty-two week low of $20.13 and a fifty-two week high of $33.96.
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, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. During the same quarter in the prior year, the company earned $0.08 EPS.
Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in shares of Matador Resources by 4.4% in the 4th quarter. Sei Investments Co. now owns 142,446 shares of the energy company’s stock valued at $4,434,000 after acquiring an additional 5,948 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Matador Resources by 22.5% in the 3rd quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock valued at $3,445,000 after acquiring an additional 23,274 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Matador Resources by 37.5% in the 4th quarter. Arizona State Retirement System now owns 69,470 shares of the energy company’s stock valued at $2,163,000 after acquiring an additional 18,943 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Matador Resources by 8.5% in the 3rd quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock valued at $2,074,000 after acquiring an additional 5,975 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Matador Resources during the 3rd quarter valued at about $264,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
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Matador Resources Company Profile
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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