|
|
 | | | |
- close
- close
- close
- close
Matador Resources (MTDR) |
Suggest other news sources for this topic
WIKI ANALYSIS|
Error creating thumbnail: convert: unable to open image `/home/wikinvest/src_live_1/mediawiki/images/c/ce/IPO.jpg': No such file or directory @ blob.c/OpenBlob/2480. convert: missing an image filename `/home/wikinvest/src_live_1/mediawiki/images/thumb/c/ce/IPO.jpg/40px-IPO.jpg' @ convert.c/ConvertImageCommand/2800. |
This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
Matador Resources (NYSE:MTDR) is an oil and gas company which acquires, drills, and operates producing properties in the US. The company's properties are located in Louisiana and Texas, but it plans to expand into much of the mid-continent and rocky mountain regions. Matador has experience in completing both vertical and horizontal wells.[1]
Business Overview
For the first nine months of 2011, Matador reported total revenues of $57.8M. This resulted in a net loss of $13.7M. The same period in 2010 resulted in $25M in revenue and $7.4M in net income. The loss in 2011 was caused by an increase in full-cost ceiling impairment which is an accounting line that considers the value of oil and gas properties.[2]
New Updates
The company's initial public offering of stock on the NYSE occurred on February 1, 2012. The company offered 13.3M shares each for $12. This was below the $14-$16 initial price range. The deal raised a total of $160M. The lead mangers of the deal were RBC Capital and Citi.[3]
Trends & Forces
Reliance on Natural Gas
The majority of Matador's proved reserves are in natural gas. This means the company is particularly reliant, at least in the short term, on natural gas price and demand movements. Natural gas is often seen as an environmental improvement over oil, but such preferences can change over time. If Matador invests in certain natural gas properties which have lower margins, a drop in prices could cause the investment to fail. [4][5]
- ↑ MTDR S-1/A 2012 PROSPECTUS SUMMARY "Overview" pg. 1-2
- ↑ MTDR S-1/A 2012 PROSPECTUS SUMMARY "Summary Financial, Reserves and Operating Data" pg. 16-17
- ↑ Renaissance Capital - IPO Home "Matador Resources prices IPO at $12, below the range" 2 Feb 2012
- ↑ MTDR S-1/A 2012 PROSPECTUS SUMMARY "Business Strategies" pg. 8
- ↑ Seeking Alpha "IPO Preview: Matador Resources" 31 Jan 2012
| |||||||
