Matador Resources (MTDR) Earning Somewhat Positive Press Coverage, Study Finds
News headlines about Matador Resources (NYSE:MTDR) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Matador Resources earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 46.2532080503221 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Matador Resources (MTDR) opened at $27.00 on Friday. Matador Resources has a 1-year low of $20.13 and a 1-year high of $28.51. The company has a market capitalization of $2.93 billion, a PE ratio of 63.62, a P/E/G ratio of 1.70 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Matador Resources had a return on equity of 13.13% and a net margin of 24.55%. The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $112.21 million. During the same period in the previous year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 65.1% compared to the same quarter last year. equities analysts forecast that Matador Resources will post 0.53 EPS for the current fiscal year.
Several research firms recently commented on MTDR. Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Scotiabank restated a “buy” rating and set a $26.00 price target on shares of Matador Resources in a research note on Thursday, August 3rd. Royal Bank Of Canada set a $29.00 price target on Matador Resources and gave the stock a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets set a $29.00 price target on Matador Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Bank of America Corporation began coverage on Matador Resources in a research note on Wednesday, July 19th. They set a “neutral” rating and a $26.00 price target for the company. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $28.67.
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In other news, Director David M. Posner purchased 4,115 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the purchase, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.90% of the company’s stock.
Matador Resources Company Profile
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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