Matador Resources Co (MTDR) was Initiated by Imperial Capital to “Outperform” and the brokerage firm has set the Price Target at $25. Imperial Capital advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Matador Resources Co. Matador Resources Co was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by Wunderlich on Mar 9, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $21 .Matador Resources Co was Downgraded by KLR Group to ” Hold” on Mar 8, 2016.
On the company’s financial health, Matador Resources Co reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.01. The company had revenue of $56.20 million for the quarter, compared to analysts expectations of $80.71 million. The company’s revenue was down -39.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
Matador Resources Co closed down -0.3 points or -1.39% at $21.27 with 11,08,761 shares getting traded on Wednesday. Post opening the session at $21.76, the shares hit an intraday low of $20.85 and an intraday high of $21.775 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 16, 2015, Joseph Wm Foran (CEO) purchased 4,657 shares at $20.95 per share price. According to the SEC, on Aug 24, 2015, Carlos M Sepulveda (director) purchased 1,000 shares at $20.78 per share price. On Aug 12, 2015, Don C Stephenson (director) purchased 1,135 shares at $21.57 per share price, according to the Form-4 filing with the securities and exchange commission.
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 operations are focused primarily on the oil and liquids portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition it has an exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale. The Company is the operator for over 90% of its Eagle Ford acreage and approximately two-thirds of its Haynesville acreage including approximately 36% of its acreage. It has approximately 152400 gross (85400 net) acres in the Permian Basin.