Is Stephens Positive On Shares of Matador Resources (MTDR)?

Matador Resources Company (NYSE:MTDR) Logo

Investors sentiment increased to 2.3 in 2018 Q2. Its up 1.35, from 0.95 in 2018Q1. It improved, as 25 investors sold Matador Resources Company shares while 44 reduced holdings. 43 funds opened positions while 116 raised stakes. 101.82 million shares or 10.21% more from 92.39 million shares in 2018Q1 were reported.

14,782 were accumulated by Avalon Advsr Ltd Com. Los Angeles Capital Mgmt & Equity Research, a California-based fund reported 151,073 shares. First Tru Lp accumulated 220,352 shares. Oppenheimer And owns 40,472 shares for 0.03% of their portfolio. Wells Fargo & Com Mn has 0.01% invested in Matador Resources Company (NYSE:MTDR) for 1.14 million shares. Fifth Third Bankshares reported 0% stake. Nicholas Invest Partners L P reported 357,466 shares. Connecticut-based Pier Limited Liability has invested 0.53% in Matador Resources Company (NYSE:MTDR). 1.33 million were reported by Alliancebernstein Ltd Partnership. Swiss Bank invested in 0.01% or 170,002 shares. Mutual Of America Capital Mngmt Ltd Llc holds 0.07% in Matador Resources Company (NYSE:MTDR) or 150,805 shares. Tiaa Cref Inv Mgmt Lc invested in 3.16 million shares. Hsbc Public Llc invested in 12,481 shares or 0% of the stock. Nuveen Asset Mgmt Ltd Com holds 0.01% in Matador Resources Company (NYSE:MTDR) or 30,700 shares. Services Automobile Association holds 16,914 shares.

Since June 5, 2018, it had 16 buys, and 0 selling transactions for $862,514 activity. $10,251 worth of Matador Resources Company (NYSE:MTDR) was bought by FORRESTER ROGERS JULIA P.. The insider POSNER DAVID M. bought 2,160 shares worth $49,442. Another trade for 4,000 shares valued at $98,220 was bought by PARKER TIMOTHY E.. On Wednesday, November 28 the insider Lancaster David E bought $54,700. STEWART KENNETH L. bought 10,000 shares worth $244,000. $22,030 worth of stock was bought by Adams Craig N on Tuesday, November 27.

Why Has Stephens Given Matador Resources (MTDR) a $29.0 Price Target

The broker Stephens has today started coverage on Matador Resources (MTDR) shares, with a “Equal-Weight” rating, while setting the price target at $29.0.

The stock decreased 6.97% or $1.63 during the last trading session, reaching $21.74. About 2.26M shares traded or 46.12% up from the average. Matador Resources Company (MTDR) has risen 43.73% since December 7, 2017 and is uptrending. It has outperformed by 28.11% the S&P500.

Analysts await Matador Resources Company (NYSE:MTDR) to report earnings on February, 20. They expect $0.43 EPS, up 72.00 % or $0.18 from last year’s $0.25 per share. MTDR’s profit will be $50.02 million for 12.64 P/E if the $0.43 EPS becomes a reality. After $0.48 actual EPS reported by Matador Resources Company for the previous quarter, Wall Street now forecasts -10.42 % negative EPS growth.

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company has market cap of $2.53 billion. It operates in two divisions, Exploration and Production, and Midstream. It has a 13.86 P/E ratio. The firm primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas; the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.

More notable recent Matador Resources Company (NYSE:MTDR) news were published by: Businesswire.com which released: “Matador Resources Company Commences Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026 – Business Wire” on November 16, 2018, also Bizjournals.com with their article: “Drilling Permit Roundup: Houston company requests first permits in two years – San Antonio Business Journal” published on November 28, 2018, Seekingalpha.com published: “Matador Resources 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 02, 2018. More interesting news about Matador Resources Company (NYSE:MTDR) were released by: Seekingalpha.com and their article: “Matador Resources: A Strong Permian Player With A 30% Upside – Seeking Alpha” published on September 20, 2018 as well as Seekingalpha.com‘s news article titled: “Matador Resources 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” with publication date: November 01, 2018.

Matador Resources Company (NYSE:MTDR) Institutional Positions Chart

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