Matador Resources Company (NYSE:MTDR) added 17.46% and closed its last session at $26.64. The stock has the market capitalization of $2.49 Billion with the total outstanding shares of 93.47 Million. Matador Resources Company. has Analysts’ Mean Recommendation of 1.63 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 43.67.

Matador Resources Company (NYSE:MTDR) touched its 52-Week High of $27.3 on Nov 30, 2016 while it’s 52-Week Low of $11.13 on Jan 20, 2016. The company currently has Return on Assets of -37.8 percent, Return on Equity of -92.4% and Return on Investment of -74.6 percent. The stock currently showing Weekly Volatility of 5.83%% and Monthly Volatility of 5.10% Percent with Average True Range of 1.39 and Beta of 1.28.

The 17 analysts offering 12-month price forecasts for Matador Resources Co have a median target of 27.00, with a high estimate of 32.00 and a low estimate of 20.00. The median estimate represents a +1.35% increase from the last price of 26.64.

Press Release:

The Company on 1 November reported financial and operating results for the third quarter of 2016.

Third Quarter 2016 Highlights

  • Net income (GAAP basis) of $11.9 million, or $0.13 per diluted common share, as compared to a net loss of $105.9 million, or $(1.15) per diluted common share, in the second quarter of 2016 and a net loss of $242.1 million, or $(2.86) per diluted common share, in the third quarter of 2015.
  • Adjusted net income, a non-GAAP financial measure, of $5.4 million, or $0.06 per diluted common share, in the third quarter of 2016, as compared to adjusted net loss of $1.3 million, or $(0.01) per diluted common share, in the second quarter of 2016 and adjusted net income of $2.6 million, or $0.03 per diluted common share, in the third quarter of 2015.
  • Record average daily total production of approximately 29,400 barrels of oil equivalent (“BOE”) per day, an increase of 5% sequentially, as compared to approximately 28,000 BOE per day in the second quarter of 2016 and an increase of 12% year-over-year, as compared to approximately 26,100 BOE per day in the third quarter of 2015.
  • Record average daily oil production of approximately 15,000 barrels of oil per day, an increase of 11% sequentially, as compared to approximately 13,500 barrels of oil per day in the second quarter of 2016 and an increase of 19% year-over-year, as compared to approximately 12,600 barrels of oil per day in the third quarter of 2015.
  • Adjusted earnings before interest expense, income taxes, depletion, depreciation and amortization and certain other items (“Adjusted EBITDA”), a non-GAAP financial measure, of $47.3 million, an increase of 21% sequentially, as compared to $39.0 million in the second quarter of 2016, and a decrease of 19% year-over-year, as compared to $58.0 million in the third quarter of 2015.

Company Profile:

Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.