Stifel Nicolaus Upgrades Matador Resources Co to Buy

Brokerage firm Stifel Nicolaus Upgrades its rating on Matador Resources Co(NYSE:MTDR). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Stifel Nicolaus was issued on Jun 29, 2016.

In a different note, Barclays said it Initiates Coverage on Matador Resources Co, according to a research note issued on Jun 21, 2016. The shares have been rated ‘Equal-weight’ by the firm. Sterne Agee CRT said it Initiates Coverage on Matador Resources Co, according to a research note issued on Jun 8, 2016. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Wunderlich said it Maintains its rating on Matador Resources Co. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Buy’ by the firm. Imperial Capital said it Initiates Coverage on Matador Resources Co, according to a research note issued on Apr 22, 2016. The shares have been rated ‘Outperform’ by the firm. On Apr 6, 2016, Stifel Nicolaus said it Downgrades its rating on Matador Resources Co. The shares have been rated ‘Hold’ by the firm.

Matador Resources Co (MTDR) made into the market gainers list on Fridays trading session with the shares advancing 3.64% or 0.72 points. Due to strong positive momentum, the stock ended at $20.52, which is also near the day’s high of $20.67. The stock began the session at $19.84 and the volume stood at 13,08,078 shares. The 52-week high of the shares is $28.25 and the 52 week low is $11.13. The company has a current market capitalization of $1,914 M and it has 9,32,83,434 shares in outstanding.

Matador Resources Co(MTDR) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $44.15M. Analysts had an estimated revenue of $52.71M. Earnings per share were $-0.16. Analysts had estimated an EPS of $-0.17.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Joseph Wm Foran (CEO) purchased 4,657 shares at $20.95 per share price.Also, On Aug 24, 2015, Carlos M Sepulveda (director) purchased 1,000 shares at $20.78 per share price.On Aug 12, 2015, Don C Stephenson (director) purchased 1,135 shares at $21.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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 operations are focused primarily on the oil and liquids portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition it has an exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale. The Company is the operator for over 90% of its Eagle Ford acreage and approximately two-thirds of its Haynesville acreage including approximately 36% of its acreage. It has approximately 152400 gross (85400 net) acres in the Permian Basin.

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