Matador Resources (MTDR) Shares Up 6%

Shares of Matador Resources Co (NYSE:MTDR) shot up 6% during mid-day trading on Friday . The company traded as high as $19.32 and last traded at $19.31. 2,985,736 shares traded hands during trading, an increase of 41% from the average session volume of 2,116,764 shares. The stock had previously closed at $18.22.

A number of brokerages have recently issued reports on MTDR. ValuEngine cut Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, October 22nd. TheStreet cut Matador Resources from a “b-” rating to a “c+” rating in a report on Tuesday, November 6th. MKM Partners began coverage on Matador Resources in a report on Wednesday, December 5th. They set a “buy” rating and a $28.00 target price for the company. Finally, Stephens began coverage on Matador Resources in a report on Thursday, December 6th. They set a “weight” rating and a $29.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.50.

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The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 0.63 and a beta of 2.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.63.

In related news, Director Reynald Baribault purchased 1,500 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was purchased at an average price of $17.47 per share, for a total transaction of $26,205.00. Following the acquisition, the director now directly owns 26,659 shares in the company, valued at $465,732.73. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Van H. Singleton II purchased 2,005 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was bought at an average price of $22.26 per share, with a total value of $44,631.30. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 21,005 shares of company stock valued at $464,442. 11.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Rehmann Capital Advisory Group raised its position in shares of Matador Resources by 1,042.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock valued at $29,000 after purchasing an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Matador Resources by 64.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Matador Resources by 1,453.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after purchasing an additional 593,768 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Matador Resources by 89.4% in the 4th quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock valued at $124,000 after purchasing an additional 3,777 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Matador Resources in the 4th quarter valued at approximately $152,000. 88.12% of the stock is currently owned by institutional investors.

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About Matador Resources (NYSE:MTDR)

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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