Emerald Acquisition Ltd. Buys New Stake in Matador Resources Co. (MTDR)
Emerald Acquisition Ltd. bought a new stake in Matador Resources Co. (NYSE:MTDR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 62,186 shares of the energy company’s stock, valued at approximately $1,231,000. Emerald Acquisition Ltd. owned 0.07% of Matador Resources at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in Matador Resources during the first quarter worth about $7,865,000. Picton Mahoney Asset Management increased its position in Matador Resources by 33.0% in the first quarter. Picton Mahoney Asset Management now owns 201,940 shares of the energy company’s stock worth $3,830,000 after buying an additional 50,100 shares during the last quarter. Royce & Associates LP increased its position in Matador Resources by 30.3% in the first quarter. Royce & Associates LP now owns 178,550 shares of the energy company’s stock worth $3,385,000 after buying an additional 41,500 shares during the last quarter. TimesSquare Capital Management LLC increased its position in Matador Resources by 22.5% in the first quarter. TimesSquare Capital Management LLC now owns 1,363,925 shares of the energy company’s stock worth $25,860,000 after buying an additional 250,220 shares during the last quarter. Finally, Columbia Partners L L C Investment Management acquired a new position in Matador Resources during the first quarter worth approximately $1,636,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Matador Resources Co. (NYSE:MTDR) traded down 0.46% during trading on Friday, reaching $23.83. The company had a trading volume of 744,618 shares. The stock’s market capitalization is $2.22 billion. Matador Resources Co. has a 12 month low of $11.13 and a 12 month high of $28.25. The stock’s 50-day moving average price is $22.80 and its 200-day moving average price is $21.65.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 3rd. The energy company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. Matador Resources had a negative return on equity of 1.92% and a negative net margin of 269.02%. The firm had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $62.61 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Matador Resources’s revenue for the quarter was down 42.1% compared to the same quarter last year. Equities analysts forecast that Matador Resources Co. will post ($0.13) earnings per share for the current fiscal year.
A number of research firms have recently commented on MTDR. Zacks Investment Research downgraded Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday. Mizuho began coverage on Matador Resources in a report on Wednesday. They issued a “neutral” rating and a $25.00 price objective on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $20.00 price objective on shares of Matador Resources in a report on Friday, August 12th. Barclays PLC began coverage on Matador Resources in a report on Tuesday, June 21st. They issued an “equal weight” rating and a $23.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Matador Resources in a report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.97.
In related news, Director William M. Byerley bought 2,288 shares of the stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of $21.86 per share, with a total value of $50,015.68. Following the completion of the acquisition, the director now owns 4,035 shares of the company’s stock, valued at $88,205.10. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joe A. Davis bought 8,767 shares of the stock in a transaction dated Thursday, September 1st. The shares were bought at an average cost of $22.70 per share, with a total value of $199,010.90. Following the completion of the acquisition, the director now directly owns 1,747 shares of the company’s stock, valued at approximately $39,656.90. The disclosure for this purchase can be found here. Insiders own 12.70% of the company’s stock.
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 segment is oil and natural gas exploration and production.
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