Matador Resources (MTDR) Getting Somewhat Favorable News Coverage, Accern Reports
News articles about Matador Resources (NYSE:MTDR) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. 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 media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.3416593713663 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Matador Resources Company (MTDR) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Insider Buying: Matador Resources Company (NYSE:MTDR) Director Acquires 4,115 Shares of Stock (americanbankingnews.com)
- Matador Resources Company (MTDR) Ownership Increased by Neuberger Berman Group LLC – First News 24 (firstnewspaper24.com)
- Neuberger Berman Group LLC Buys A Lot More Matador Resources Company (MTDR) Stock Last Quarter – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Bought A Lot More Matador Resources Company (MTDR) Stock – Modern Readers (modernreaders.com)
A number of research firms recently weighed in on MTDR. Zacks Investment Research cut Matador Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Scotiabank reaffirmed a “buy” rating and issued a $26.00 price target on shares of Matador Resources in a report on Thursday, August 3rd. KLR Group upped their price target on Matador Resources from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Matador Resources in a report on Thursday, July 20th. Finally, ValuEngine raised Matador Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Matador Resources presently has an average rating of “Buy” and an average target price of $28.63.
Shares of Matador Resources (NYSE MTDR) traded up 0.33% during trading on Friday, hitting $24.25. The company’s stock had a trading volume of 1,205,173 shares. The stock has a market cap of $2.44 billion, a PE ratio of 12.53 and a beta of 1.20. The company has a 50-day moving average price of $22.72 and a 200-day moving average price of $23.53. Matador Resources has a one year low of $19.99 and a one year high of $28.51.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The company had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. During the same period last year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was up 65.1% on a year-over-year basis. Equities analysts predict that Matador Resources will post $0.47 EPS for the current fiscal year.
In related news, Chairman Joseph Wm Foran sold 11,000 shares of Matador Resources stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $23.12, for a total transaction of $254,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julia P. Forrester acquired 1,255 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average price of $23.96 per share, with a total value of $30,069.80. Following the completion of the transaction, the director now directly owns 3,399 shares in the company, valued at $81,440.04. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.
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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