Could Matador Resources Co Increase After Today’s Tip From Option Traders?

 Could Matador Resources Co Increase After Today's Tip From Option Traders?

In today’s session Matador Resources Co (MTDR) recorded an unusually high (13,959) 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 13,959 contracts traded and 13284 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: MTDR170317P00017500 closed last at: $1.2 or 33.3% up. About 128,163 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 22.37% since April 28, 2016 and is uptrending. It has outperformed by 16.44% the S&P500.

Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on February, 22. They expect $0.08 earnings per share, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $8.80 million for 84.69 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by Matador Resources Co for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Matador Resources Co (NYSE:MTDR) Ratings Coverage

Out of 16 analysts covering Matador Resources (NYSE:MTDR), 9 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 56% are positive. $37 is the highest target while $18 is the lowest. The $26 average target is -4.06% below today’s ($27.1) stock price. Matador Resources has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, January 22 the stock rating was initiated by Iberia Capital Partners with “Outperform”. The firm earned “Neutral” rating on Wednesday, March 30 by Seaport Global. Nomura initiated Matador Resources Co (NYSE:MTDR) on Thursday, December 3 with “Neutral” rating. As per Tuesday, October 20, the company rating was initiated by Canaccord Genuity. The firm has “Outperform” rating by Northland Capital given on Thursday, August 6. The firm earned “Outperform” rating on Friday, August 5 by FBR Capital. The rating was maintained by Northland Capital with “Outperform” on Wednesday, September 16. Stifel Nicolaus downgraded Matador Resources Co (NYSE:MTDR) on Wednesday, April 6 to “Hold” rating. The firm has “Buy” rating given on Wednesday, June 8 by Sterne Agee CRT. The firm earned “Hold” rating on Monday, November 28 by KLR Group.

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 decreased to 1.11 in 2016 Q2. Its down 0.69, from 1.8 in 2016Q1. The ratio is negative, 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.
Metropolitan Life Ins New York has 60,311 shares for 0.01% of their US portfolio. Franklin Resources Incorporated accumulated 2.03M shares or 0.02% of the stock. Fayez Sarofim holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 45,000 shares. Prudential Financial holds 0% or 15,769 shares in its portfolio. Middleton Ma has 15,000 shares for 0.07% of their US portfolio. Moreover, Secor Cap Advisors Limited Partnership has 0.04% invested in Matador Resources Co (NYSE:MTDR) for 15,744 shares. Swiss Bancorporation accumulated 0% or 139,602 shares. Ameriprise, a Minnesota-based fund reported 1.83M shares. Moreover, Clear Harbor Asset Mngmt Ltd Liability Com has 0.52% invested in Matador Resources Co (NYSE:MTDR) for 120,246 shares. Manufacturers Life Insurance The holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 56,129 shares. Amarillo Bancorp has invested 1.35% of its portfolio in Matador Resources Co (NYSE:MTDR). Sunbelt Secs Incorporated holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 300 shares. Seven Eight Limited has 0.05% invested in the company for 7,300 shares. Parkwood Ltd Limited Liability Company has 45,787 shares for 0.18% of their US portfolio. Citigroup accumulated 0% or 1,986 shares.

Insider Transactions: Since August 8, 2016, the stock had 2 insider purchases, and 0 insider sales for $249,062 net activity. The insider Byerley William M bought 2,288 shares worth $50,016. Another trade for 8,767 shares valued at $199,046 was made by Davis Joe A on Wednesday, August 31.

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 $2.98 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 recent Matador Resources Co (NYSE:MTDR) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on February 02, 2012. Also Fool.com published the news titled: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Quotes.Wsj.com‘s news article titled: “News Matador Resources Co.MTDR” with publication date: January 28, 2012 was also an interesting one.

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