BlackRock Fund Advisors has recently announced that it has increased stake in Matador Resources Company (NYSE:MTDR) by 24.76%. After grabbing 15.25 million shares, the institutional investor is now in possession of 3.03 million shares of the Energy Company. The new investment brought the stake of investor firm to 13.05% having worth around $132.37 million. Moreover, The Vanguard Group, Inc. increased its share by 0.98 million to have a control over 11.5 million shares. And Silvercrest Asset Management Grou.. raised its holdings to 0.31 million shares by acquiring 5.35 million shares or 4.58% of the stake.
Matador Resources Company (MTDR) concluded trading on 08/27/20 at a closing price of $9.90, with 2.21 million shares of worth about $21.84 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.27% during that period and on Thursday the price saw a gain of about 3.12%. Currently the company’s common shares owned by public are about 116.07M shares, out of which, 109.93M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the MTDR stock and their offered price forecasts bring an average price target of $12.10. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.00 and could fall to a lowest price of $10.00. Analysts also issued an outlook of 2.60 for the Matador Resources Company stock for next 12 months. The stock’s current price level is 15.53% above of average price target set by the analysts, while a rise to estimated low would result in gain of 1.0 for the stock. However, touching the estimated high of $16.00 would mean a gain of 38.13% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 89 times over the past 12 months. They bought 881,662 shares in 69 of the transactions. In 20 selling transactions, insiders dumped 100,856 shares.
iShares Core S&P Small Cap ETF, SPDR S&P Oil & Gas Exploration &, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Matador Resources Company iShares Core S&P Small Cap ETF is currently holding 6.82 million shares of worth totaling $59.2 million. The company recently came buying 24360.0 shares which brought its stake up to 5.84% of the company’s outstanding shares. SPDR S&P Oil & Gas Exploration & sold 9782.0 shares, after which its hold over company’s outstanding shares shrunk to 3.55%, leaving 4.15 million shares with the mutual fund that have a worth of about $36.04 million. Vanguard Total Stock Market Index, after selling 3.17 million shares, have now control over 2.71% of the stake in the company. It holds 4486.0 shares of worth $27.5 million.
Matador Resources Company (NYSE: MTDR) started trading at $9.68, above $0.08 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $9.90, or with a gain of 3.12%. Stock saw a price change of 2.27% in past 5 days and over the past one month there was a price change of 6.34%. Year-to-date (YTD), MTDR shares are showing a performance of -44.91% which decreased to -35.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.11 but also hit the highest price of $19.83 during that period. While comparing its average daily trading volume of 4.12 million shares, we see that about 2.21 million changed hands on the day. The stock is currently trading 4.69% above its 20-day simple moving average (SMA20), while that difference is up 9.31% for SMA50 and it goes to -2.11% lower than SMA200.
BlackRock Fund Advisors acquired 15.25 million shares of Matador Resources Company having value of about $132.37 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 3.03 million shares in the company valued at close to $29961825.3, or have control over 24.76% stake in the company. Matador Resources Company (NYSE: MTDR) currently have 116.07M outstanding shares and institutions hold larger chunk of about 92.00% of that. Holding of mutual funds in the company is about 42.67% while other institutional holders and individual stake holders have control over 46.65% and 16.81% of the stake respectively.
The stock has a current market capitalization of $1.24B and its 3Y-monthly beta is at 4.90. It has posted earnings per share of -$1.39 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTDR, volatility over the week remained 6.11% while standing at 5.57% over the month.
Analysts are in expectations that Matador Resources Company (MTDR) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter ESPS is $0.04 and it is $0.56 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is $0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -68.90% while it is estimated to increase by 436.96% in next year. EPS is likely to grow at an annualized rate of 10.40% for next 5-years, compared to annual growth of -13.70% made by the stock over the past 5-years.
Analysts at 16 brokerage firms have issued recommendations for the Matador Resources Company (MTDR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 16 Wall Street analysts, 6 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on July 23, 2020 offering a Neutral rating for the stock and assigned a target price of to it. Coverage by Cowen stated Matador Resources Company (MTDR) stock as an Outperform in their note to investors on July 22, 2020, suggesting a price target of $12.75 for the stock. On July 20, 2020, Stifel Upgrade their recommendations, while on July 20, 2020, Raymond James Upgrade their ratings for the stock with a price target of $11. Stock get a Buy rating from MKM Partners on July 14, 2020.