In today’s session Matador Resources Co (MTDR) recorded an unusually high (606) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious MTDR decrease. With 606 contracts traded and 3604 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: MTDR170317P00017500 closed last at: $1.55 or 13.9% down. About 188,167 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 20.12% since March 4, 2016 and is uptrending. It has outperformed by 12.08% the S&P500.
Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on November, 2.
Matador Resources Co (NYSE:MTDR) Ratings Coverage
Out of 15 analysts covering Matador Resources (NYSE:MTDR), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $37 is the highest target while $18 is the lowest. The $25.88 average target is 7.70% above today’s ($24.03) stock price. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, December 9 the stock rating was upgraded by KLR Group to “Hold”. The firm has “Accumulate” rating by KLR Group given on Tuesday, January 19. The firm has “Outperform” rating given on Wednesday, September 16 by Northland Capital. Stifel Nicolaus maintained Matador Resources Co (NYSE:MTDR) rating on Thursday, February 25. Stifel Nicolaus has “Buy” rating and $20 price target. On Friday, January 22 the stock rating was initiated by Iberia Capital Partners with “Outperform”. The rating was maintained by Wunderlich on Wednesday, March 9 with “Buy”. The firm has “Overweight” rating given on Tuesday, October 13 by JP Morgan. The rating was initiated by FBR Capital on Thursday, July 21 with “Outperform”. The company was maintained on Thursday, February 4 by Wunderlich. The firm earned “Hold” rating on Wednesday, April 6 by Stifel Nicolaus.
According to Zacks Investment Research, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.8 in 2016 Q2. Its up 0.12, from 1.68 in 2016Q1. The ratio increased, as 16 funds sold all Matador Resources Co shares owned while 45 reduced positions. 37 funds bought stakes while 73 increased positions. They now own 74.97 million shares or 5.00% less from 78.92 million shares in 2016Q1.
Cushing Asset Management L P holds 0.07% or 95,000 shares in its portfolio. Pnc Serv Gp has invested 0% of its portfolio in Matador Resources Co (NYSE:MTDR). Nationwide Fund Advsr last reported 0% of its portfolio in the stock. 1492 Cap Management Ltd Com has invested 1.75% of its portfolio in Matador Resources Co (NYSE:MTDR). Assetmark last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa owns 7,273 shares or 0% of their US portfolio. Sei Company accumulated 0% or 2,559 shares. Amalgamated Bank & Trust has 0.01% invested in the company for 8,773 shares. Tompkins Fincl has 120 shares for 0% of their US portfolio. Victory Management accumulated 1.05M shares or 0.08% of the stock. Wfg Advsr L P holds 0% or 1 shares in its portfolio. Silvercrest Asset Mngmt Gp Lc last reported 2.01M shares in the company. Moreover, Waddell & Reed has 0.03% invested in Matador Resources Co (NYSE:MTDR) for 764,000 shares. Ubs Asset Mngmt Americas reported 527,711 shares or 0.01% of all its holdings. Perkins Investment Management Ltd Liability Corp owns 548,407 shares or 0.16% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 insider sales for $249,062 net activity. 8,767 shares with value of $199,046 were bought by Davis Joe A on Wednesday, August 31. Byerley William M also bought $50,016 worth of Matador Resources Co (NYSE:MTDR) shares.
Matador Resources Company is an independent energy firm 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 has a market cap of $2.25 billion. The Company’s segment is oil and natural gas exploration and production. It currently has negative earnings. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
MTDR Company Profile
Matador Resources Company, incorporated on November 22, 2010, is an independent energy firm 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 segment is oil and natural gas exploration and production. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Firm also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.
More news for Matador Resources Co (NYSE:MTDR) were recently published by: Fool.com, which released: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Businesswire.com‘s article titled: “Matador Resources Company Announces Addition of New Director and Appointment …” and published on July 06, 2015 is yet another important article.
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