Cubist Systematic Strategies LLC Takes Position in Matador Resources Co (MTDR)
Cubist Systematic Strategies LLC bought a new position in shares of Matador Resources Co (NYSE:MTDR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 8,349 shares of the energy company’s stock, valued at approximately $227,000.
Other hedge funds have also made changes to their positions in the company. Advisor Group Inc. grew its stake in Matador Resources by 164.4% during the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Matador Resources during the 3rd quarter valued at about $167,000. Teacher Retirement System of Texas purchased a new stake in Matador Resources during the 3rd quarter valued at about $202,000. Crossmark Global Holdings Inc. purchased a new stake in Matador Resources during the 3rd quarter valued at about $209,000. Finally, Profund Advisors LLC purchased a new stake in Matador Resources during the 2nd quarter valued at about $240,000. Hedge funds and other institutional investors own 85.14% of the company’s stock.
In other news, Director David M. Posner bought 1,035 shares of Matador Resources stock in a transaction on Monday, December 4th. The stock was acquired at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at $181,444.08. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is owned by corporate insiders.
Several research firms have weighed in on MTDR. Royal Bank of Canada boosted their price target on Matador Resources from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. SunTrust Banks reiterated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a research note on Friday, November 10th. Northland Securities set a $35.00 price target on Matador Resources and gave the company a “buy” rating in a research note on Monday, November 13th. Mizuho set a $28.00 price objective on Matador Resources and gave the company a “hold” rating in a report on Saturday, November 25th. Finally, Imperial Capital boosted their price objective on Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Matador Resources has a consensus rating of “Buy” and a consensus target price of $30.00.
Matador Resources Co (NYSE MTDR) opened at $31.56 on Wednesday. The firm has a market capitalization of $3,480.00, a PE ratio of 16.02, a P/E/G ratio of 1.05 and a beta of 1.14. Matador Resources Co has a fifty-two week low of $20.13 and a fifty-two week high of $32.43. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.
Matador Resources (NYSE:MTDR) last announced its earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, beating 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 earnings per share. The business’s revenue was up 42.3% compared to the same quarter last year. analysts forecast that Matador Resources Co will post 0.66 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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