Capital Fund Management S.A. bought a new position in shares of Matador Resources Co (NYSE:MTDR) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,892 shares of the energy company’s stock, valued at approximately $207,000.
A number of other institutional investors and hedge funds have also made changes to their positions in MTDR. Mount Yale Investment Advisors LLC purchased a new position in shares of Matador Resources in the 1st quarter valued at $127,000. Cerebellum GP LLC purchased a new position in shares of Matador Resources in the 2nd quarter valued at $177,000. Fortaleza Asset Management Inc. grew its position in shares of Matador Resources by 41.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock valued at $179,000 after buying an additional 1,740 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Matador Resources in the 1st quarter valued at $205,000. Finally, Dubuque Bank & Trust Co. boosted its stake in Matador Resources by 46.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 8,869 shares of the energy company’s stock worth $267,000 after purchasing an additional 2,828 shares during the period. 89.13% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Northland Securities set a $39.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Friday, August 3rd. Imperial Capital increased their price target on shares of Matador Resources from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Oppenheimer began coverage on shares of Matador Resources in a research note on Wednesday, October 3rd. They issued an “outperform” rating and a $43.00 target price for the company. Evercore ISI began coverage on shares of Matador Resources in a research note on Tuesday, September 25th. They issued an “in-line” rating and a $38.00 target price for the company. Finally, Raymond James restated a “buy” rating and issued a $43.00 target price on shares of Matador Resources in a research note on Sunday, August 12th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.69.
NYSE:MTDR traded up $0.80 during mid-day trading on Friday, hitting $31.10. 1,460,041 shares of the company’s stock traded hands, compared to its average volume of 1,443,165. The company has a market capitalization of $3.85 billion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.54. Matador Resources Co has a 1 year low of $24.04 and a 1 year high of $35.22. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $211.37 million during the quarter, compared to the consensus estimate of $185.07 million. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, equities research analysts predict that Matador Resources Co will post 1.48 earnings per share for the current year.
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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