Matador Resources Co (MTDR) : Springbank Value Partners Lp scooped up 4,000 additional shares in Matador Resources Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 7,000 shares of Matador Resources Co which is valued at $140,350.Matador Resources Co makes up approximately 0.23% of Springbank Value Partners Lp’s portfolio.
Other Hedge Funds, Including , Value Holdings Lp boosted its stake in MTDR in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 15,000 shares of Matador Resources Co which is valued at $300,750. Matador Resources Co makes up approx 0.19% of Value Holdings Lp’s portfolio. Meyer Handelman Co sold out all of its stake in MTDR during the most recent quarter. The investment firm sold 16,475 shares of MTDR which is valued $347,293. Barometer Capital Management sold out all of its stake in MTDR during the most recent quarter. The investment firm sold 52,800 shares of MTDR which is valued $1,174,272.Ct Financial Advisors reduced its stake in MTDR by selling 600 shares or 14.5% in the most recent quarter. The Hedge Fund company now holds 3,538 shares of MTDR which is valued at $73,555. Matador Resources Co makes up approx 0.05% of Ct Financial Advisors’s portfolio.
Matador Resources Co opened for trading at $19.99 and hit $22.88 on the upside on Thursday, eventually ending the session at $21.19, with a gain of 5.69% or 1.14 points. The heightened volatility saw the trading volume jump to 46,34,592 shares. Company has a market cap of $1,977 M.
On the company’s financial health, Matador Resources Co reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.10. The company had revenue of $45.20 million for the quarter, 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 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.