Matador Resources Company (MTDR) Forms Wedge Down Chart Pattern Trading at $31.39

April 16, 2018 - By Theresa Judd

Matador Resources Company (NYSE:MTDR) Corporate Logo

Big Money Sentiment increased to 1.88 in 2017 Q4. It has change of 0.83, from 2017Q3’s 1.05. The ratio is positive due to Matador Resources Company positioning: 20 sold and 55 reduced. 46 funds amassed positions and 95 increased positions. Investors holded 91.90 million in 2017Q3 but now own 94.72 million shares or 3.07% more.
Mason Street Advisors Limited Liability Company invested in 0.03% or 47,551 shs. Prudential Financial has 0% invested in Matador Resources Company (NYSE:MTDR) for 65,085 shs. Los Angeles Capital Mgmt And Equity Rech Inc owns 15,805 shs. Sei Invs accumulated 142,446 shs or 0.02% of the stock. Cannell Peter B And Com Inc invested in 59,225 shs. Vanguard Grp Inc holds 8.40 million shs or 0.01% of its capital. Illinois-based Fortaleza Asset Management has invested 1.69% in Matador Resources Company (NYSE:MTDR). Huntington Bankshares invested in 0% or 207 shs. Proshare Ltd Limited Liability Company has invested 0% in Matador Resources Company (NYSE:MTDR). 805,734 were accumulated by Geode Cap Management Ltd Liability Company. Swiss Bank & Trust accumulated 168,202 shs or 0.01% of the stock. D E Shaw accumulated 266,390 shs. Jpmorgan Chase & Communication invested in 67,929 shs or 0% of the stock. Cap Fincl Advisers Ltd Liability holds 0.03% in Matador Resources Company (NYSE:MTDR) or 116,336 shs. Alps Advisors Incorporated reported 20,213 shs stake.

A down wedge chart Matador Resources Company (MTDR) shows. It has $29.51 price target or $31.39 stock price. If our $29.51 price target is hit MTDR’s valuation can change by $205.74 million.

At traded at $31.39 lastly.It’s uptrending since April 16, 2017 and is 27.63% down. MTDR outperformed the S&P 500 by 16.08%.

Analysts await Matador Resources Company (NYSE:MTDR) to report earnings on May, 2. They expect $0.29 EPS, up 70.59 % or $0.12 from last year’s $0.17 per share. MTDR’s profit will be $31.68 million for 27.06 P/E if the $0.29 EPS becomes a reality. After $0.25 actual EPS reported by Matador Resources Company for the previous quarter, Wall Street now forecasts 16.00 % EPS growth.

Matador Resources Company (NYSE:MTDR) Ratings Coverage

In total 11 analysts cover Matador Resources (NYSE:MTDR). “Buy” rating has 9, “Sell” are 0, while 2 are “Hold”. 82% are bullish. 23 are the (NYSE:MTDR)’s analyst reports since November 8, 2017 according to StockzIntelligence Inc. On Wednesday, December 20 the rating was maintained by RBC Capital Markets with “Buy”. On Wednesday, November 8 Imperial Capital maintained the shares of MTDR in report with “Outperform” rating. The stock rating was maintained by Stephens with “Buy” on Tuesday, February 6. The stock rating was upgraded by Mizuho to “Buy” on Tuesday, January 16. On Monday, November 20 Barclays Capital maintained Matador Resources Company (NYSE:MTDR) rating. Barclays Capital has “Equal-Weight” rating and $28 target. On Friday, April 13 RBC Capital Markets maintained Matador Resources Company (NYSE:MTDR) rating. RBC Capital Markets has “Buy” rating and $3900 target. The stock rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, March 28. On Friday, February 23 the firm has “Outperform” rating given by Imperial Capital. On Thursday, February 22 RBC Capital Markets maintained Matador Resources Company (NYSE:MTDR) with “Buy” rating. On Monday, November 13 the rating was maintained by RBC Capital Markets with “Buy”.

Matador Resources Company (NYSE:MTDR) Institutional Investors Chart

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