27.40 0.00 (0.00%)
After hours: 4:02PM EDT
|Bid||27.45 x 900|
|Ask||27.46 x 900|
|Day's Range||27.22 - 28.03|
|52 Week Range||20.13 - 35.22|
|PE Ratio (TTM)||20.21|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.11|
The energy sector appears to have shaken off its dismal start to the year, rebounding nicely as oil prices continue their rise that began in the latter half of 2017. The fears are overdone, however, as some analysts see an opportunity for a rebound in names like Cimarex Energy Co. ( XEC), Matador Resources Co. ( MTDR), Parsley Energy Inc. ( PE), Diamondback Energy Inc. ( FANG), Concho Resources Inc. ( CXO) and Callon Petroleum Co. ( CPE), according to Barron’s.
Matador's (MTDR) upstream operations are mainly concentrated in the Permian Basin, which is among the country's most prospective oil and gas plays.
Russia’s crude oil output averaged 10.97 MMbpd (million barrels per day) in May. The production has been steady at this level for the last three months. However, Russia’s crude oil production averaged 11.1 MMbpd in early June.
Losses were broad based as eight out of nine sectors finished the trading session in red. WallStEquities.com has initiated research reports on the following Independent Oil & Gas stocks: ConocoPhillips (NYSE: COP), Continental Resources Inc. (NYSE: CLR), Matador Resources Co. (NYSE: MTDR), and Murphy Oil Corp. (NYSE: MUR).
Matador Resources Company (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of its midstream joint venture, San Mateo Midstream, LLC (“San Mateo”), has entered into a long-term agreement with a significant producer in Eddy County, New Mexico relating to the gathering and disposal of such producer’s salt water. The agreement includes the dedication of over 65 wells, which are located within five miles of San Mateo’s existing salt water gathering system in Eddy County, New Mexico.
Hedge funds increased their net long positions in US natural gas futures and options 2.3% to 192,577 on May 29–June 5. The net long positions also increased 98% or by 95,127 contracts year-over-year. The US Commodity Futures Trading Commission released the data on June 8.
Matador Resources Company today announced:
Federal data showed that the U.S. produced more petroleum liquids and natural gas than any other nation for the sixth consecutive year in 2017.
The US dollar index rose ~0.7% to 94.8 on May 29—its highest level since November 8. Active WTI oil futures decreased ~1.7%. The strong US dollar index pressured crude oil prices during this period.
Matador Resources Company (MTDR) (“Matador” or the “Company”) will hold its 2018 Annual Meeting of Shareholders on Thursday, June 7, 2018 at 9:30 a.m. Central Daylight Time. The Annual Meeting will be held in the San Antonio Ballroom located on the fourth floor of The Westin Galleria Dallas hotel, 13340 Dallas Parkway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Daylight Time to provide shareholders the opportunity to have a social time with directors, management and staff prior to the meeting.
On May 11–18, midstream stock Spectra Energy Partners (SEP) fell the most on our list of energy stocks. During this period, the Alerian MLP ETF (AMLP) rose 3.3%—the second-lowest rise among the energy subsector ETFs discussed in Part 2.
The US Dollar Index rose ~0.7% to 93.2 on May 15—the highest level since December 26, 2017. June WTI oil futures increased ~0.5% on May 15. The strong US Dollar Index restricted the upside for oil prices during this period.
Matador Resources Company (MTDR) (“Matador”) announced today that it has priced an underwritten public offering of 7,000,000 shares of its common stock. Matador intends to use the net proceeds from this offering to fund the acquisition of leasehold and mineral acres in the Delaware Basin, including additional drilling and completion expenditures directly attributable to increased working interests, to fund the capital expenditures related to a number of midstream initiatives in the Delaware Basin and for general corporate purposes. RBC Capital Markets is acting as the sole underwriter for the offering.
Matador Resources Company (MTDR) (“Matador”) announced today that it has commenced an underwritten public offering of 7,000,000 shares of its common stock. Matador intends to use the net proceeds from this offering to fund the acquisition of leasehold and mineral acres in the Delaware Basin, including additional drilling and completion expenditures directly attributable to increased working interests, to fund the capital expenditures related to a number of midstream initiatives in the Delaware Basin and for general corporate purposes. RBC Capital Markets is acting as the sole underwriter for the offering.
NEW YORK, May 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of F.N.B. ...
LONDON, UK / ACCESSWIRE / May 9, 2018 / If you want a free Stock Review on OAS sign up now at www.wallstequities.com/registration. WallStEquities.com has initiated research coverage on Matador Resources Co. (MTDR), Murphy Oil Corp., Newfield Exploration Co., and Oasis Petroleum Inc. (NYSE: OAS). Companies in the Independent Oil and Gas space have no downstream activity.
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their earnings reports.
The Dallas-based company said it had net income of 55 cents per share. Earnings, adjusted for non-recurring gains, were 36 cents per share. The results beat Wall Street expectations. The average estimate ...
Matador Resources Company today reported financial and operating results for the first quarter of 2018. A short slide presentation summarizing the highlights of Matador's first quarter 2018 earnings release is also included on the Company's website at www.matadorresources.com on the Presentations & Webcasts page under the Investors tab.
Earnings season has had some hits and misses for call option buyers, but several oil and gas names have earnings coming up that could present actionable trades.