Matador Resources Co (MTDR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $-0.10. The company posted revenue of $45.20 million in the period, compared to analysts expectations of $62.61 million. The company’s revenue was down -42.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Matador Resources Co. FBR Capital Initiated Matador Resources Co on Jul 21, 2016 to “Outperform”, Price Target of the shares are set at $28.Matador Resources Co was Initiated by Wells Fargo to “Outperform” on Jul 7, 2016. Stifel Upgraded Matador Resources Co on Jun 29, 2016 to ” Buy”, Price Target of the shares are set at $25.
Matador Resources Co closed down -0.23 points or -1.18% at $19.31 with 24,61,919 shares getting traded on Tusday. Post opening the session at $19.7, the shares hit an intraday low of $18.56 and an intraday high of $19.98 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.