What’s Next for Matador Resources Co (MTDR) After Forming Bearish H&S Chart Pattern?

June 20, 2017 - By Linda Rogers

Investors sentiment decreased to 1.09 in Q4 2016. Its down 0.02, from 1.11 in 2016Q3. It is negative, as 36 investors sold Matador Resources Co shares while 54 reduced holdings. 36 funds opened positions while 62 raised stakes. 84.51 million shares or 7.43% more from 78.67 million shares in 2016Q3 were reported.
Deutsche Fincl Bank Ag has 809,745 shares. Discovery Cap Management Limited Com Ct reported 0.44% of its portfolio in Matador Resources Co (NYSE:MTDR). Moreover, National Bank Of Montreal Can has 0% invested in Matador Resources Co (NYSE:MTDR). Strategic Inv Mngmt Ltd Liability Co reported 0.02% of its portfolio in Matador Resources Co (NYSE:MTDR). Tygh Cap Management holds 0.51% of its portfolio in Matador Resources Co (NYSE:MTDR) for 79,430 shares. Wellington Management Group Limited Liability Partnership reported 724,710 shares. Suntrust Banks holds 14,242 shares. Blackrock Fund has 2.63M shares. Century Mngmt Ltd accumulated 279,736 shares or 0.94% of the stock. Point72 Asia (Hong Kong) reported 175 shares. Price T Rowe Assoc Md holds 10.73M shares. Timessquare Capital Mngmt Limited Liability Com reported 0.35% of its portfolio in Matador Resources Co (NYSE:MTDR). Atlantic Tru Limited invested in 11,000 shares or 0% of the stock. 109,900 were reported by Quantitative Mgmt. Victory Cap Management Inc holds 0.08% or 1.22 million shares in its portfolio.

Since February 27, 2017, it had 3 insider purchases, and 1 sale for $67,490 activity. 11,000 shares were sold by Foran Joseph Wm, worth $254,320. $242,300 worth of Matador Resources Co (NYSE:MTDR) shares were bought by STEWART KENNETH L..

The stock of Matador Resources Co (MTDR) formed H&S with $19.80 target or 5.00 % below today’s $20.84 share price. The 7 months Head & Shoulders indicates high risk for the $2.07B company. It was reported on Jun, 20 by Faxor.com. If the $19.80 price target is reached, the company will be worth $103.50 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

About 96,538 shares traded. Matador Resources Co (NYSE:MTDR) has risen 11.95% since June 20, 2016 and is uptrending. It has underperformed by 4.75% the S&P500.

Wall Street await Matador Resources Co (NYSE:MTDR) to release earnings on August, 2. Analysts forecast earnings per share of $0.13, up exactly $0.14 or 1,400.00 % from 2014’s $-0.01 EPS. The expected MTDR’s profit could reach $12.94M giving the stock 40.00 P/E in the case that $0.13 earnings per share is reported. After posting $0.17 EPS for the previous quarter, Matador Resources Co’s analysts now forecast -23.53 % negative EPS growth.

Matador Resources Co (NYSE:MTDR) Ratings Coverage

Among 19 analysts covering Matador Resources (NYSE:MTDR), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Matador Resources had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 16 by Wunderlich. As per Tuesday, June 21, the company rating was initiated by Barclays Capital. Stifel Nicolaus maintained Matador Resources Co (NYSE:MTDR) rating on Thursday, February 25. Stifel Nicolaus has “Buy” rating and $20 target. The stock of Matador Resources Co (NYSE:MTDR) has “Outperform” rating given on Friday, February 3 by RBC Capital Markets. FBR Capital initiated Matador Resources Co (NYSE:MTDR) rating on Thursday, July 21. FBR Capital has “Outperform” rating and $28 target. KLR Group downgraded the stock to “Reduce” rating in Thursday, October 15 report. The stock has “Outperform” rating by Northland Capital on Thursday, August 6. The company was downgraded on Wednesday, March 30 by Seaport Global. The stock of Matador Resources Co (NYSE:MTDR) has “Hold” rating given on Wednesday, April 6 by Stifel Nicolaus. The firm earned “Overweight” rating on Tuesday, March 15 by JP Morgan.

More notable recent Matador Resources Co (NYSE:MTDR) news were published by: Law360.com which released: “Five Point Pledges $176M To New JV With Matador Resources” on February 21, 2017, also Gurufocus.com with their article: “Portolan Capital Management, LLC Buys Unisys, Matador Resources Co, Skechers …” published on February 15, 2017, Prnewswire.com published: “Five Point Capital Partners and Matador Resources Form Strategic Joint Venture …” on February 17, 2017. More interesting news about Matador Resources Co (NYSE:MTDR) were released by: Fool.com and their article: “Shares of Matador Resources Surge 11% After Company Posts Better-Than-Expected …” published on August 04, 2016 as well as Bizjournals.com‘s news article titled: “Houston PE firm forms JV with Dallas energy co.” with publication date: February 21, 2017.

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