Matador Resources (NYSE:MTDR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Matador Resources (NYSE:MTDR) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $78.17.

A number of equities research analysts recently weighed in on MTDR shares. Stephens dropped their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Mizuho raised their price target on shares of Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 14th. Wells Fargo & Company upped their price target on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, TD Cowen boosted their price target on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.

Insiders Place Their Bets

In other news, EVP Bryan A. Erman bought 1,750 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $55.90 per share, with a total value of $97,825.00. Following the acquisition, the executive vice president now owns 1,750 shares in the company, valued at $97,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its position in shares of 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 purchasing an additional 227 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in Matador Resources in the 4th quarter worth about $31,000. Rise Advisors LLC acquired a new stake in shares of Matador Resources in the first quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matador Resources in the fourth quarter valued at approximately $35,000. Finally, Lindbrook Capital LLC grew its position in Matador Resources by 84.3% during the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after buying an additional 273 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $60.15 on Thursday. The firm has a fifty day moving average price of $60.22 and a two-hundred day moving average price of $61.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market cap of $7.51 billion, a PE ratio of 8.24 and a beta of 3.29. Matador Resources has a fifty-two week low of $51.72 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to the consensus estimate of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the firm posted $1.42 EPS. Analysts expect that Matador Resources will post 7.93 EPS for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 1.33%. Matador Resources’s payout ratio is presently 10.96%.

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.