HAP Trading LLC Buys New Holdings in Matador Resources Co (MTDR)

HAP Trading LLC bought a new stake in Matador Resources Co (NYSE:MTDR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,503 shares of the energy company’s stock, valued at approximately $285,000.

A number of other hedge funds also recently bought and sold shares of MTDR. Advisor Group Inc. lifted its holdings in Matador Resources by 164.4% in the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after purchasing an additional 2,727 shares during the last quarter. Dubuque Bank & Trust Co. lifted its holdings in Matador Resources by 4.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after purchasing an additional 275 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in Matador Resources in the 2nd quarter worth approximately $155,000. Oregon Public Employees Retirement Fund acquired a new stake in Matador Resources in the 2nd quarter worth approximately $165,000. Finally, Fortaleza Asset Management Inc. acquired a new stake in Matador Resources in the 3rd quarter worth approximately $167,000. Institutional investors own 85.36% of the company’s stock.

Matador Resources Co (NYSE:MTDR) traded up $0.54 on Friday, hitting $29.14. The stock had a trading volume of 1,630,000 shares, compared to its average volume of 1,340,000. The firm has a market capitalization of $3,160.00, a PE ratio of 53.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. Matador Resources Co has a 52 week low of $20.13 and a 52 week high of $29.76.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The firm had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same quarter last year, the company earned $0.06 EPS. The company’s revenue was up 42.3% on a year-over-year basis. analysts forecast that Matador Resources Co will post 0.63 earnings per share for the current year.

Several research analysts have commented on the company. Zacks Investment Research raised Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Mizuho set a $28.00 price target on Matador Resources and gave the stock a “hold” rating in a research report on Saturday, November 25th. Northland Securities set a $33.00 price objective on Matador Resources and gave the company a “buy” rating in a research report on Monday, August 21st. BMO Capital Markets set a $26.00 price objective on Matador Resources and gave the company a “buy” rating in a research report on Saturday, August 12th. Finally, Barclays upped their price target on Matador Resources from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, November 20th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Matador Resources presently has a consensus rating of “Buy” and a consensus target price of $30.00.

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Matador Resources Company Profile

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.

Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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