The stock of Matador Resources Co (NYSE:MTDR) is a huge mover today! About 468,042 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 9.92% since April 13, 2016 and is uptrending. It has outperformed by 5.99% the S&P500.
The move comes after 8 months positive chart setup for the $2.35 billion company. It was reported on Nov, 15 by Barchart.com. We have $41.52 PT which if reached, will make NYSE:MTDR worth $1.55 billion more.
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. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of MTDR in a report on Thursday, November 5 with “Outperform” rating. The firm earned “Accumulate” rating on Tuesday, January 19 by KLR Group. The rating was downgraded by Stifel Nicolaus on Wednesday, April 6 to “Hold”. The stock has “Outperform” rating given by Northland Capital on Thursday, August 6. The firm has “Buy” rating by Wunderlich given on Thursday, February 4. KLR Group downgraded the shares of MTDR in a report on Tuesday, March 8 to “Hold” rating. Northland Capital maintained Matador Resources Co (NYSE:MTDR) rating on Wednesday, September 16. Northland Capital has “Outperform” rating and $29.0 price target. The stock has “Buy” rating given by Wunderlich on Wednesday, March 9. The firm earned “Reduce” rating on Thursday, October 15 by KLR Group. Canaccord Genuity initiated the stock with “Hold” rating in Tuesday, October 20 report.
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 is positive, 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.
Glenmede Comm Na owns 1,537 shares or 0% of their US portfolio. New York State Common Retirement Fund accumulated 105,581 shares or 0% of the stock. Walleye Trading Ltd Com last reported 55,902 shares in the company. Great West Life Assurance Commerce Can holds 0% or 8,458 shares in its portfolio. Nicholas Inv Prns Lp accumulated 319,530 shares or 0.44% of the stock. King Luther holds 0.02% or 89,905 shares in its portfolio. Moreover, Schwab Charles Inv Mgmt has 0.01% invested in Matador Resources Co (NYSE:MTDR) for 281,036 shares. Td Asset Mngmt accumulated 0% or 29,700 shares. Century Limited Liability Co holds 401,276 shares or 0.88% of its portfolio. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0% in Matador Resources Co (NYSE:MTDR). Moreover, Pnc Svcs Gp Inc has 0% invested in Matador Resources Co (NYSE:MTDR) for 5,319 shares. D E Shaw & Company Inc reported 136,739 shares or 0% of all its holdings. Mcf Ltd Company has 72,500 shares for 0.35% of their US portfolio. Fayez Sarofim & Co last reported 0% of its portfolio in the stock. Fifth Third National Bank, a Ohio-based fund reported 340 shares.
Insider Transactions: Since August 8, 2016, the stock had 2 buys, and 0 selling transactions for $249,062 net activity. Shares for $50,016 were bought by Byerley William M on Monday, August 8. $199,046 worth of Matador Resources Co (NYSE:MTDR) shares were bought by Davis Joe A.
More recent Matador Resources Co (NYSE:MTDR) news were published by: Fool.com which released: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Also Quotes.Wsj.com published the news titled: “News Matador Resources Co.MTDR” on January 28, 2012. Businesswire.com‘s news article titled: “Matador Resources Company Reports Third Quarter 2015 Results and Provides …” with publication date: November 04, 2015 was also an interesting one.
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.
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