Matador Resources (NYSE:MTDR – Free Report) had its price objective hoisted by Truist Financial from $87.00 to $91.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the energy company’s stock.
A number of other equities research analysts have also issued reports on MTDR. Benchmark dropped their price objective on shares of Matador Resources from $71.00 to $62.00 and set a buy rating for the company in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an outperform rating and issued a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. Mizuho upped their target price on shares of Matador Resources from $78.00 to $83.00 and gave the company a buy rating in a research report on Monday, May 13th. TD Cowen upped their target price on shares of Matador Resources from $64.00 to $72.00 and gave the company an outperform rating in a research report on Monday, March 4th. Finally, Wells Fargo & Company upped their target price on shares of Matador Resources from $76.00 to $85.00 and gave the company an overweight rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Matador Resources presently has an average rating of Moderate Buy and an average target price of $75.20.
Read Our Latest Stock Analysis on MTDR
Matador Resources Trading Down 3.6 %
Shares of MTDR opened at $57.08 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. Matador Resources has a 12-month low of $47.76 and a 12-month high of $71.08. The firm has a 50-day moving average price of $63.54 and a 200 day moving average price of $60.55. The firm has a market capitalization of $7.12 billion, a P/E ratio of 7.82 and a beta of 3.30.
Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm had revenue of $787.70 million during the quarter, compared to analyst estimates of $740.99 million. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Matador Resources’s quarterly revenue was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Matador Resources will post 7.73 EPS for the current year.
Matador Resources Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.40%. Matador Resources’s dividend payout ratio is presently 10.96%.
Institutional Trading of Matador Resources
Several hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its holdings in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Covestor Ltd raised its holdings in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after acquiring an additional 227 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in Matador Resources in the fourth quarter valued at approximately $31,000. Financial Management Professionals Inc. acquired a new stake in Matador Resources in the fourth quarter valued at approximately $34,000. Finally, Rise Advisors LLC acquired a new stake in Matador Resources in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 91.98% of the company’s stock.
About Matador Resources
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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Source: defenseworld.net
