Matador Resources Co (MTDR) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its holdings in Matador Resources Co (NYSE:MTDR) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 568,750 shares of the energy company’s stock after acquiring an additional 11,100 shares during the quarter. Royce & Associates LP’s holdings in Matador Resources were worth $17,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mount Yale Investment Advisors LLC acquired a new stake in Matador Resources during the 1st quarter worth about $127,000. Cerebellum GP LLC acquired a new stake in Matador Resources during the 2nd quarter worth about $177,000. Fortaleza Asset Management Inc. raised its holdings in Matador Resources by 41.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock worth $179,000 after buying an additional 1,740 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Matador Resources during the 1st quarter worth about $205,000. Finally, Dubuque Bank & Trust Co. raised its holdings in Matador Resources by 46.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 8,869 shares of the energy company’s stock worth $267,000 after buying an additional 2,828 shares during the period. 89.40% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. TheStreet upgraded Matador Resources from a “c+” rating to a “b-” rating in a report on Wednesday, May 2nd. BMO Capital Markets set a $34.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Sunday, August 12th. ValuEngine upgraded Matador Resources from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Raymond James restated a “buy” rating and set a $43.00 price objective on shares of Matador Resources in a report on Sunday, August 12th. Finally, Imperial Capital boosted their price objective on Matador Resources from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Matador Resources has a consensus rating of “Buy” and a consensus target price of $37.43.

Shares of MTDR opened at $32.61 on Monday. The stock has a market capitalization of $3.79 billion, a PE ratio of 45.29, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25. Matador Resources Co has a fifty-two week low of $22.52 and a fifty-two week high of $35.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.22.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $211.37 million for the quarter, compared to the consensus estimate of $185.07 million. Matador Resources had a return on equity of 9.84% and a net margin of 24.93%. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. sell-side analysts expect that Matador Resources Co will post 1.46 EPS for the current fiscal year.

Matador Resources Company Profile

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. It operates in two segments, Exploration and Production, and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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