Matador Resources (MTDR) Trading Down 5%
Matador Resources Co (NYSE:MTDR)’s share price traded down 5% during trading on Thursday . The stock traded as low as $27.94 and last traded at $27.95. 1,480,735 shares were traded during mid-day trading, an increase of 19% from the average session volume of 1,242,486 shares. The stock had previously closed at $29.43.
Several equities analysts recently commented on the company. SunTrust Banks set a $40.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, January 24th. Deutsche Bank assumed coverage on Matador Resources in a research note on Thursday, February 1st. They issued a “hold” rating and a $37.00 price objective on the stock. Mizuho upgraded Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Stifel Nicolaus set a $36.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Matador Resources has a consensus rating of “Buy” and a consensus price target of $31.81.
The company has a market cap of $3,031.09, a PE ratio of 14.41, a PEG ratio of 0.66 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.
Several institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. bought a new position in shares of Matador Resources in the fourth quarter worth $1,943,000. American International Group Inc. increased its holdings in shares of Matador Resources by 8.5% in the fourth quarter. American International Group Inc. now owns 263,178 shares of the energy company’s stock worth $8,193,000 after purchasing an additional 20,540 shares during the period. Virtu Financial LLC bought a new position in shares of Matador Resources in the fourth quarter worth $296,000. Royce & Associates LP increased its holdings in shares of Matador Resources by 20.5% in the fourth quarter. Royce & Associates LP now owns 548,650 shares of the energy company’s stock worth $17,079,000 after purchasing an additional 93,300 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Matador Resources by 8.2% in the fourth quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock worth $331,028,000 after purchasing an additional 804,173 shares during the period. 85.70% of the stock is currently owned by hedge funds and other institutional investors.
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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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