Matador Resources Co (MTDR) : Alta Advisers Ltd has sold out all of its stake in Matador Resources Co during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 247,055 shares of Matador Resources Co which is valued at $5,667,442.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in MTDR in the latest quarter, The investment management firm added 116,977 additional shares and now holds a total of 527,711 shares of Matador Resources Co which is valued at $12,105,690. Matador Resources Co makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Value Holdings Lp boosted its stake in MTDR in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 15,000 shares of Matador Resources Co which is valued at $300,750. Matador Resources Co makes up approx 0.19% of Value Holdings Lp’s portfolio. Capital Fund Management S.a. added MTDR to its portfolio by purchasing 97,499 company shares during the most recent quarter which is valued at $1,928,530. Matador Resources Co makes up approx 0.03% of Capital Fund Management S.a.’s portfolio. Simplex Trading sold out all of its stake in MTDR during the most recent quarter. The investment firm sold 1,585 shares of MTDR which is valued $33,634. Barometer Capital Management sold out all of its stake in MTDR during the most recent quarter. The investment firm sold 52,800 shares of MTDR which is valued $1,174,272.
Matador Resources Co closed down -0.35 points or -1.49% at $23.14 with 13,46,135 shares getting traded on Wednesday. Post opening the session at $23.47, the shares hit an intraday low of $22.49 and an intraday high of $23.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Matador Resources Co reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.10. The company had revenue of $45.20 million for the quarter, compared to analysts expectations of $62.61 million. The company’s revenue was down -42.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Matador Resources Co. Company shares were Reiterated by Imperial Capital on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .Company shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .FBR Capital Initiated Matador Resources Co on Jul 21, 2016 to “Outperform”, Price Target of the shares are set at $28.
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.