Shares of Matador Resources (NYSE:MTDR – Get Rating) have received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $69.00.
Several research analysts have recently weighed in on the stock. KeyCorp dropped their target price on shares of Matador Resources from $79.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, December 8th. JPMorgan Chase & Co. dropped their target price on shares of Matador Resources from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Friday, October 14th. Raymond James boosted their target price on shares of Matador Resources from $60.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, October 24th. MKM Partners reissued a “buy” rating and issued a $68.00 price target on shares of Matador Resources in a report on Wednesday, September 21st. Finally, StockNews.com began coverage on shares of Matador Resources in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Matador Resources Price Performance
Shares of MTDR stock opened at $57.59 on Wednesday. The firm has a fifty day moving average of $64.04 and a two-hundred day moving average of $57.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.48 and a quick ratio of 1.46. Matador Resources has a 1-year low of $36.53 and a 1-year high of $73.78. The firm has a market cap of $6.80 billion, a P/E ratio of 5.86 and a beta of 3.52.
Matador Resources (NYSE:MTDR – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The energy company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.21. The firm had revenue of $751.40 million for the quarter, compared to the consensus estimate of $740.23 million. Matador Resources had a net margin of 40.29% and a return on equity of 45.40%. Matador Resources’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. As a group, research analysts anticipate that Matador Resources will post 10.64 earnings per share for the current fiscal year.
Matador Resources Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.69%. The ex-dividend date was Wednesday, November 9th. Matador Resources’s dividend payout ratio is 4.07%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its stake in shares of Matador Resources by 0.4% during 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 in the last quarter. SVB Wealth LLC lifted its stake in 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 buying an additional 194 shares during the period. Verdence Capital Advisors LLC lifted its stake in 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 buying an additional 204 shares during the period. US Bancorp DE increased its holdings in shares of Matador Resources by 2.1% during the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock valued at $635,000 after acquiring an additional 246 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Matador Resources by 11.0% during the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the energy company’s stock valued at $128,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 87.00% 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.
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