Matador Resources (NYSE:MTDR) had its price target boosted by equities researchers at Barclays from $25.00 to $28.00 in a report issued on Monday, November 20th. The firm presently has an “equal weight” rating on the energy company’s stock. Barclays’ price objective would suggest a potential upside of 3.13% from the stock’s current price.
Several other research analysts have also commented on the company. BidaskClub lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Scotiabank reiterated a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. Imperial Capital lifted their target price on Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Royal Bank Of Canada lifted their target price on Matador Resources from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Finally, Northland Securities set a $35.00 price target on Matador Resources and gave the company a “buy” rating in a research note on Monday, November 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $30.00.
Shares of Matador Resources (NYSE:MTDR) traded down $0.74 on Monday, hitting $27.15. The stock had a trading volume of 1,706,841 shares, compared to its average volume of 1,542,006. Matador Resources has a 1 year low of $20.13 and a 1 year high of $29.76. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2,940.00, a P/E ratio of 52.44, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company had revenue of $126.28 million during the quarter, compared to analysts’ expectations of $123.62 million. During the same quarter in the prior year, the firm posted $0.06 EPS. Matador Resources’s quarterly revenue was up 42.3% compared to the same quarter last year. equities research analysts expect that Matador Resources will post 0.63 EPS for the current fiscal year.
In other Matador Resources news, Director David M. Posner purchased 1,035 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $28.92 per share, with a total value of $29,932.20. Following the transaction, the director now owns 6,274 shares in the company, valued at $181,444.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Matador Resources by 46,974.5% in the first quarter. BlackRock Inc. now owns 6,619,149 shares of the energy company’s stock valued at $157,472,000 after purchasing an additional 6,605,088 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Matador Resources by 88.5% in the second quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after purchasing an additional 2,328,250 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Matador Resources by 216.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares during the period. State Street Corp increased its stake in shares of Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Matador Resources by 126.3% in the second quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock valued at $24,422,000 after purchasing an additional 637,703 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.
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About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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