Matador Resources (NYSE:MTDR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Matador Resources (NYSE:MTDR) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $78.17.

Several analysts have recently commented on MTDR shares. KeyCorp increased their price target on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Stephens reduced their price objective on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company raised their price objective on shares of Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th.

Insider Buying and Selling

In related news, EVP Bryan A. Erman acquired 1,750 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the acquisition, the executive vice president now directly owns 1,750 shares in the company, valued at approximately $97,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Matador Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its stake in Matador Resources by 32.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock valued at $1,320,000 after buying an additional 5,747 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Matador Resources by 31.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock valued at $5,237,000 after buying an additional 21,924 shares during the last quarter. TFO Wealth Partners LLC increased its stake in Matador Resources by 310,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock valued at $884,000 after buying an additional 15,546 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Matador Resources in the 1st quarter valued at $828,000. Finally, Prevail Innovative Wealth Advisors LLC increased its stake in Matador Resources by 28.6% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after buying an additional 8,254 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $61.48 on Thursday. Matador Resources has a 1-year low of $51.72 and a 1-year high of $71.08. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $60.17 and its two-hundred day moving average price is $61.50. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 8.42 and a beta of 3.29.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same period in the prior year, the firm earned $1.42 earnings per share. Matador Resources’s revenue was up 32.8% compared to the same quarter last year. On average, equities analysts predict that Matador Resources will post 7.87 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. Matador Resources’s payout ratio is 10.96%.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.