Matador Resources Co (MTDR) : Mcf Advisors scooped up 60,000 additional shares in Matador Resources Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 72,500 shares of Matador Resources Co which is valued at $1,671,125.Matador Resources Co makes up approximately 0.39% of Mcf Advisors’s portfolio.
Other Hedge Funds, Including , Alliancebernstein reduced its stake in MTDR by selling 137,208 shares or 11.13% in the most recent quarter. The Hedge Fund company now holds 1,095,103 shares of MTDR which is valued at $25,242,124. Matador Resources Co makes up approx 0.02% of Alliancebernstein’s portfolio.Blackrock Group Ltd boosted its stake in MTDR in the latest quarter, The investment management firm added 11,654 additional shares and now holds a total of 112,040 shares of Matador Resources Co which is valued at $2,582,522.Victory Capital Management Inc reduced its stake in MTDR by selling 209,761 shares or 16.69% in the most recent quarter. The Hedge Fund company now holds 1,047,422 shares of MTDR which is valued at $24,027,861. Matador Resources Co makes up approx 0.09% of Victory Capital Management Inc’s portfolio. Stoneridge Investment Partners added MTDR to its portfolio by purchasing 38,083 company shares during the most recent quarter which is valued at $753,282. Matador Resources Co makes up approx 0.11% of Stoneridge Investment Partners’s portfolio.
Matador Resources Co opened for trading at $22.57 and hit $23.12 on the upside on Tuesday, eventually ending the session at $22.85, with a gain of 0.66% or 0.15 points. The heightened volatility saw the trading volume jump to 16,74,269 shares. Company has a market cap of $2,132 M.
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.