Alps Advisors Inc. purchased a new stake in Matador Resources Company (NYSE:MTDR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,212 shares of the energy company’s stock, valued at approximately $549,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Matador Resources by 40.5% in the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares during the period. Principal Financial Group Inc. boosted its stake in Matador Resources by 3,072.3% in the 2nd quarter. Principal Financial Group Inc. now owns 398,282 shares of the energy company’s stock valued at $8,511,000 after purchasing an additional 385,727 shares during the period. TD Asset Management Inc. boosted its stake in Matador Resources by 2.5% in the 2nd quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock valued at $774,000 after purchasing an additional 897 shares during the period. Northpointe Capital LLC boosted its stake in Matador Resources by 9.7% in the 3rd quarter. Northpointe Capital LLC now owns 400,228 shares of the energy company’s stock valued at $10,866,000 after purchasing an additional 35,248 shares during the period. Finally, UBS Group AG boosted its stake in Matador Resources by 3.4% in the 1st quarter. UBS Group AG now owns 42,343 shares of the energy company’s stock valued at $1,007,000 after purchasing an additional 1,384 shares during the period. Institutional investors and hedge funds own 83.59% of the company’s stock.

MTDR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Imperial Capital upped their target price on Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a $30.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Tuesday. BidaskClub upgraded Matador Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Northland Securities set a $35.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Monday. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.33.

Matador Resources Company (MTDR) opened at $27.08 on Thursday. Matador Resources Company has a fifty-two week low of $20.13 and a fifty-two week high of $29.48. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,005.07, a price-to-earnings ratio of 51.31, a PEG ratio of 1.56 and a beta of 1.15.

Matador Resources (NYSE:MTDR) last issued its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The business had revenue of $126.28 million during the quarter, compared to analysts’ expectations of $123.62 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 42.3% compared to the same quarter last year. research analysts expect that Matador Resources Company will post 0.59 earnings per share for the current fiscal year.

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

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