ETRADE Capital Management LLC Acquires New Position in Matador Resources Company (MTDR)
ETRADE Capital Management LLC acquired a new stake in shares of Matador Resources Company (NYSE:MTDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,394 shares of the energy company’s stock, valued at approximately $988,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Advisor Group Inc. raised its position in shares of Matador Resources by 164.4% during 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 period. Fortaleza Asset Management Inc. acquired a new stake in shares of Matador Resources during the 3rd quarter worth approximately $167,000. LS Investment Advisors LLC acquired a new stake in shares of Matador Resources during the 2nd quarter worth approximately $155,000. Teacher Retirement System of Texas acquired a new stake in shares of Matador Resources during the 3rd quarter worth approximately $202,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Matador Resources during the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.
Matador Resources Company (MTDR) traded down $0.12 on Thursday, reaching $27.87. The company had a trading volume of 917,800 shares, compared to its average volume of 1,547,515. Matador Resources Company has a 12-month low of $20.13 and a 12-month high of $29.48. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3,035.43, a PE ratio of 51.83, a P/E/G ratio of 1.37 and a beta of 1.15.
Matador Resources (NYSE:MTDR) last posted its earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, beating the 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 analysts’ expectations of $123.62 million. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue was up 42.3% compared to the same quarter last year. equities analysts predict that Matador Resources Company will post 0.63 EPS for the current fiscal year.
A number of brokerages have recently weighed in on MTDR. 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. Barclays increased their price target on Matador Resources from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. BMO Capital Markets set a $30.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Northland Securities set a $35.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Royal Bank Of Canada increased their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.00.
Matador Resources 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.
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