Shares of Matador Resources (NYSE:MTDR) have been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given 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 $20.06.
A number of equities research analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of Matador Resources in a research note on Tuesday, May 11th. They set an “outperform” rating and a $32.00 price target for the company. Siebert Williams Shank raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday, May 13th. MKM Partners downgraded shares of Matador Resources from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Thursday. They noted that the move was a valuation call. TheStreet raised shares of Matador Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, March 31st. Finally, Wells Fargo & Company upped their target price on shares of Matador Resources from $26.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 19th.
In other Matador Resources news, COO Billy E. Goodwin bought 2,000 shares of Matador Resources stock in a transaction that occurred on Tuesday, May 11th. The stock was acquired at an average price of $27.75 per share, for a total transaction of $55,500.00. Following the completion of the acquisition, the chief operating officer now owns 137,264 shares of the company’s stock, valued at approximately $3,809,076. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Partners LLC raised its position in Matador Resources by 1.7% during the first quarter. Advisor Partners LLC now owns 84,569 shares of the energy company’s stock worth $1,983,000 after acquiring an additional 1,433 shares in the last quarter. Schroder Investment Management Group raised its position in Matador Resources by 68.4% during the first quarter. Schroder Investment Management Group now owns 442,008 shares of the energy company’s stock worth $10,365,000 after acquiring an additional 179,544 shares in the last quarter. Principal Financial Group Inc. raised its position in Matador Resources by 1.3% during the first quarter. Principal Financial Group Inc. now owns 765,546 shares of the energy company’s stock worth $17,952,000 after acquiring an additional 10,029 shares in the last quarter. CSM Advisors LLC bought a new stake in Matador Resources during the first quarter worth $1,080,000. Finally, Canada Pension Plan Investment Board raised its position in Matador Resources by 45.3% during the first quarter. Canada Pension Plan Investment Board now owns 233,697 shares of the energy company’s stock worth $5,480,000 after acquiring an additional 72,833 shares in the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.
MTDR opened at $33.64 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.65 and a current ratio of 0.68. The company has a market capitalization of $3.93 billion, a P/E ratio of -5.92 and a beta of 4.82. The business’s 50 day simple moving average is $27.84. Matador Resources has a fifty-two week low of $6.29 and a fifty-two week high of $34.20.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, April 28th. The energy company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.32. The business had revenue of $266.80 million during the quarter, compared to the consensus estimate of $257.13 million. Matador Resources had a negative net margin of 87.01% and a positive return on equity of 7.71%. Matador Resources’s revenue for the quarter was down 28.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, equities analysts anticipate that Matador Resources will post 2.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 3rd. Investors of record on Thursday, May 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.30%. The ex-dividend date was Wednesday, May 12th. Matador Resources’s payout ratio is 17.86%.
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 in 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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