Matador Resources (NYSE:MTDR – Get Rating) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $69.75.
MTDR has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price objective on Matador Resources from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Friday, October 14th. KeyCorp increased their price objective on Matador Resources from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, October 27th. Raymond James increased their price objective on Matador Resources from $60.00 to $78.00 and gave the stock an “outperform” rating in a report on Monday, October 24th. StockNews.com assumed coverage on Matador Resources in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, MKM Partners reissued a “buy” rating and set a $68.00 target price on shares of Matador Resources in a research report on Wednesday, September 21st.
Matador Resources Price Performance
MTDR opened at $65.84 on Friday. The stock has a fifty day moving average of $63.94 and a 200-day moving average of $58.14. The firm has a market capitalization of $7.78 billion, a P/E ratio of 6.70 and a beta of 3.53. Matador Resources has a 12-month low of $33.49 and a 12-month high of $73.78. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 0.39.
Matador Resources (NYSE:MTDR – Get Rating) last released its earnings results on Tuesday, October 25th. The energy company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.05. Matador Resources had a return on equity of 45.40% and a net margin of 40.29%. The company had revenue of $751.40 million during the quarter, compared to analyst estimates of $740.23 million. During the same quarter in the prior year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 62.8% on a year-over-year basis. Equities analysts forecast that Matador Resources will post 10.79 EPS for the current fiscal year.
Matador Resources Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, November 9th. Matador Resources’s payout ratio is 4.07%.
Institutional Investors Weigh In On Matador Resources
Several hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC grew its position in shares of Matador Resources by 0.4% in the second quarter. CIBC Private Wealth Group LLC now owns 52,624 shares of the energy company’s stock valued at $2,452,000 after purchasing an additional 186 shares during the last quarter. SVB Wealth LLC grew its position in shares of Matador Resources by 1.8% in the third quarter. SVB Wealth LLC now owns 10,874 shares of the energy company’s stock valued at $532,000 after purchasing an additional 194 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Matador Resources by 2.6% in the third quarter. Verdence Capital Advisors LLC now owns 8,095 shares of the energy company’s stock valued at $396,000 after purchasing an additional 204 shares during the last quarter. US Bancorp DE grew its position in shares of Matador Resources by 2.1% in the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock valued at $635,000 after purchasing an additional 246 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Matador Resources by 11.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the energy company’s stock valued at $128,000 after purchasing an additional 271 shares during the last quarter. 88.32% of the stock is owned by institutional investors and hedge funds.
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.
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