Matador Resources Co (NYSE:MTDR) – Capital One Financial reduced their FY2018 earnings estimates for Matador Resources in a research report issued to clients and investors on Wednesday. Capital One Financial analyst R. Tullis now expects that the energy company will earn $1.15 per share for the year, down from their previous forecast of $1.45.
Several other equities analysts also recently issued reports on MTDR. Royal Bank of Canada lifted their price target on shares of Matador Resources from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Northland Securities set a $35.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, November 13th. BMO Capital Markets set a $30.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Tuesday, November 14th. Barclays lifted their price target on shares of Matador Resources from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Finally, Mizuho set a $28.00 price target on shares of Matador Resources and gave the company a “hold” rating in a report on Saturday, November 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Matador Resources presently has an average rating of “Buy” and an average price target of $32.59.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The firm had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. During the same period last year, the firm posted $0.08 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. raised its stake in shares of Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after buying an additional 2,727 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Matador Resources by 36.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock worth $187,000 after buying an additional 1,617 shares during the last quarter. Strs Ohio raised its stake in shares of Matador Resources by 125.9% during the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock worth $189,000 after buying an additional 3,400 shares during the last quarter. Creative Planning bought a new stake in shares of Matador Resources during the fourth quarter worth approximately $201,000. Finally, Driehaus Capital Management LLC bought a new stake in shares of Matador Resources during the fourth quarter worth approximately $202,000. 88.21% of the stock is owned by institutional investors and hedge funds.
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About Matador Resources
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 segments include exploration and production, and midstream.
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