Stock traders buy large volume of Matador Resources call options (NYSE: MTDR)

Matador Resources (NYSE:MTDR – Get Rating) saw unusually large options trades on Friday. Investors acquired 3,195 call options on the stock. This is an increase of approximately 184% from the average daily volume of 1,126 call options.

Institutional investors weigh on Matador’s resources

Several hedge funds and other institutional investors have recently changed their holdings of MTDR. Great Valley Advisor Group Inc. increased its stake in shares of Matador Resources by 4.3% in the third quarter. Great Valley Advisor Group Inc. now owns 21,947 shares of the energy company valued at $1,074,000 after acquiring 909 additional shares during the period. Sfmg LLC bought a new stock position in Matador Resources in Q3, valued at around $247,000. Louisiana State Employees Retirement System purchased a new stake in Matador Resources during Q3 for approximately $1,463,000. WCM Investment Management LLC increased its stake in Matador Resources by 43.1% during the third quarter. WCM Investment Management LLC now owns 240,085 shares of the energy company worth $11,803,000 after buying an additional 72,260 shares last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Matador Resources by 6.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 28,632 shares of the energy company worth $1,401,000 after buying 1,709 more shares last quarter. 88.32% of the shares are currently held by hedge funds and other institutional investors.

Wall Street analysts predict growth

MTDR has been the subject of several analyst reports. JPMorgan Chase & Co. cut its price target on Matador Resources from $71.00 to $67.00 and set an “overweight” rating for the company in a Friday, October 14 research note. StockNews.com launched coverage on Matador Resources in a research note on Wednesday, October 12. They issued a “hold” rating on the stock. MKM Partners reaffirmed a “buy” rating and issued a price target of $68.00 on shares of Matador Resources in a research note on Wednesday, September 21. Raymond James cut his price target on Matador Resources from $70.00 to $60.00 and set an “outperform” rating on the stock in a Monday, September 26 research note. Finally, KeyCorp took over coverage from Matador Resources in a Monday, September 19 research report. They set an “overweight” rating and a price target of $72.00 on the stock. Two research analysts gave the stock a hold rating and eight gave the company a buy rating. Based on MarketBeat data, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $62.70.

Matador resources are trading up 0.7%

Shares of NYSE:MTDR rose $0.44 during Friday’s trading, hitting $65.04. The company had a trading volume of 8,195 shares, compared to an average volume of 1,445,107. The stock has a market capitalization of $7.68 billion, a price-earnings ratio of 7.42 and a beta of 3. .54. Matador Resources has a one-year low of $33.49 and a one-year high of $67.78. The company has a fifty-day simple moving average of $58.10 and a two-hundred-day simple moving average of $54.84. The company has a debt ratio of 0.48, a current ratio of 1.31 and a quick ratio of 1.29.

Matador Resources (NYSE:MTDR – Get Rating) last released quarterly earnings data on Tuesday, July 26. The energy company reported earnings per share (EPS) of $3.47 for the quarter, beating the consensus estimate of $3.16 by $0.31. The company posted revenue of $943.93 million in the quarter, versus analyst estimates of $829.21 million. Matador Resources had a return on equity of 43.58% and a net margin of 40.86%. During the same period last year, the company achieved EPS of $1.02. As a group, stock analysts expect Matador Resources to post earnings per share of 10.71 for the current year.

Matador Resources increases its dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1. Shareholders of record on Wednesday August 17 received a dividend of $0.10. This represents an annualized dividend of $0.40 and a dividend yield of 0.62%. This is an increase from Matador Resources’ previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 16. Matador Resources’ dividend payout ratio is currently 4.59%.

About Matador Resources

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Matador Resources Company, an independent energy company, is engaged in the exploration, development, production and acquisition of oil and gas resources in the United States. It operates through two segments, Exploration and Production; and intermediate. The Company primarily holds interests in the Wolfcamp and Bone Spring areas of the Delaware Basin in southeastern New Mexico and western Texas.

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