Matador Resources (NYSE:MTDR) Receives $74.38 Consensus PT from Analysts

Matador Resources (NYSE:MTDR) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.38.

Several equities analysts have issued reports on the stock. KeyCorp decreased their price target on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Stephens raised their target price on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Truist Financial lowered their price objective on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th.

Matador Resources Stock Up 0.2 %

Shares of NYSE:MTDR opened at $54.32 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company has a market capitalization of $6.78 billion, a PE ratio of 7.19 and a beta of 3.26. The company has a fifty day moving average of $55.72 and a 200-day moving average of $55.98.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same period last year, the company earned $1.86 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that Matador Resources will post 7.49 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio is 13.25%.

Insider Activity at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the acquisition, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the acquisition, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 4,285 shares of company stock valued at $232,849 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Matador Resources

Several institutional investors have recently bought and sold shares of the stock. Denver PWM LLC bought a new stake in shares of Matador Resources in the 2nd quarter worth $27,000. True Wealth Design LLC purchased a new position in Matador Resources during the third quarter worth about $37,000. Avior Wealth Management LLC grew its position in Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares in the last quarter. Quarry LP lifted its position in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after buying an additional 644 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

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.