Raymond James Has Lowered Expectations for Matador Resources (NYSE:MTDR) Stock Price

Matador Resources (NYSE:MTDR) had its price target decreased by Raymond James from $77.00 to $67.00 in a research report report published on Monday,Benzinga reports. Raymond James currently has an outperform rating on the energy company’s stock.

A number of other equities research analysts have also issued reports on MTDR. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. TD Cowen increased their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company increased their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. Finally, Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.60.

Matador Resources Price Performance

NYSE MTDR opened at $48.33 on Monday. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 6.77 and a beta of 3.17. The company’s 50 day moving average is $56.82 and its two-hundred day moving average is $55.19. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. As a group, research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.59%. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Insider Buying and Selling

In other Matador Resources news, Director Timothy E. Parker bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the transaction, the director now owns 83,790 shares in the company, valued at $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher P. Calvert bought 1,300 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $55.17 per share, with a total value of $71,721.00. Following the completion of the transaction, the chief operating officer now owns 34,000 shares of the company’s stock, valued at approximately $1,875,780. The trade was a 3.98 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 21,830 shares of company stock worth $1,132,652 over the last three months. 6.10% of the stock is owned by insiders.

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in shares of Matador Resources in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. TCTC Holdings LLC raised its holdings in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after acquiring an additional 453 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

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.