Matador Resources Co (MTDR) was Initiated by Sterne Agee CRT to “Buy”. Sterne Agee CRT advised their investors in a research report released on Jun 8, 2016.
Many Wall Street Analysts have commented on Matador Resources Co. Company shares were Reiterated by Wunderlich on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .Imperial Capital Initiated Matador Resources Co on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $25.Matador Resources Co was Downgraded by Stifel to ” Hold” on Apr 6, 2016.
On the company’s financial health, Matador Resources Co reported $-0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.18. The company had revenue of $44.15 million for the quarter, compared to analysts expectations of $52.75 million. The company’s revenue was down -39.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.68 EPS.
Matador Resources Co opened for trading at $23.75 and hit $24.42 on the upside on Tuesday, eventually ending the session at $24.22, with a gain of 3.59% or 0.84 points. The heightened volatility saw the trading volume jump to 12,59,658 shares. Company has a market cap of $2,259 M.
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.