Matador Resources (MTDR) Sees Coverage Initiated By MKM Partners with a $28.0 Price

Matador Resources Company (NYSE:MTDR) Logo

Investors sentiment increased to 2.3 in Q2 2018. 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.

State Street Corporation, Massachusetts-based fund reported 5.51 million shares. First Dallas Secs Inc stated it has 0.35% in Matador Resources Company (NYSE:MTDR). Pinnacle Associate Limited invested 0.01% in Matador Resources Company (NYSE:MTDR). 385,505 were reported by Schroder Mngmt Group Inc. Hl Svcs Llc holds 14,650 shares or 0.01% of its portfolio. Assetmark reported 2,571 shares. Tributary Cap Mngmt Limited Liability Corporation reported 1.33% stake. Fund Management has invested 0% in Matador Resources Company (NYSE:MTDR). Pennsylvania-based Conestoga Cap Advsrs Llc has invested 0.99% in Matador Resources Company (NYSE:MTDR). Proshare Advsr Limited Company accumulated 21,844 shares or 0% of the stock. Parametric Assocs Ltd reported 182,876 shares. Tygh Mgmt owns 91,948 shares. Mutual Of America Ltd, a New York-based fund reported 150,805 shares. The Illinois-based Ubs Asset Mgmt Americas has invested 0% in Matador Resources Company (NYSE:MTDR). Retirement System Of Alabama has 310,282 shares.

Since June 5, 2018, it had 16 insider buys, and 0 insider sales for $862,514 activity. Goodwin Billy E also bought $22,330 worth of Matador Resources Company (NYSE:MTDR) on Tuesday, November 27. 1,000 shares were bought by Adams Craig N, worth $22,030 on Tuesday, November 27. $22,820 worth of Matador Resources Company (NYSE:MTDR) shares were bought by Krug George G. STEWART KENNETH L. had bought 10,000 shares worth $244,000 on Wednesday, November 14. Shares for $32,625 were bought by Baribault Reynald on Wednesday, November 28. Another trade for 750 shares valued at $19,470 was made by Macalik Robert T on Tuesday, June 5.

Why Has MKM Partners Given Matador Resources (MTDR) a $28.0 Price Target

Research professionals at MKM Partners has initiated coverage on Matador Resources (MTDR) with a key “Buy” rating. The price target for MTDR is set to $28.0. It indicates a possible upside of 19.81 % from company’s last close price.

The stock decreased 6.97% or $1.63 during the last trading session, reaching $21.74. About 2.26 million 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: Seekingalpha.com which released: “Matador Resources 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 02, 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 Q3 – Results – Earnings Call Slides – Seeking Alpha” on November 01, 2018. More interesting news about Matador Resources Company (NYSE:MTDR) were released by: Seekingalpha.com and their article: “Matador Resources (MTDR) CEO Joe Foran on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on August 06, 2018 as well as Businesswire.com‘s news article titled: “Matador Resources Company Commences Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026 – Business Wire” with publication date: November 16, 2018.

Matador Resources Company (NYSE:MTDR) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.