Matador Resources (NYSE:MTDR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Matador Resources (NYSE:MTDR) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $78.08.

Several brokerages have recently issued reports on MTDR. JPMorgan Chase & Co. decreased their price objective on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday. Mizuho increased their price objective on shares of Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Matador Resources in a report on Thursday, July 25th. Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research report on Wednesday, July 24th. Finally, TD Cowen raised their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

Insider Activity

In related news, CAO Robert T. Macalik bought 500 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $54.50 per share, with a total value of $27,250.00. Following the completion of the purchase, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $55.96 per share, with a total value of $111,920.00. Following the completion of the purchase, the chief executive officer now directly owns 35,251 shares in the company, valued at $1,972,645.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $54.50 per share, with a total value of $27,250.00. Following the completion of the purchase, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 11,800 shares of company stock valued at $609,325. 6.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Matador Resources

A number of large investors have recently added to or reduced their stakes in MTDR. Goldman Sachs Group Inc. raised its holdings in Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares in the last quarter. Element Capital Management LLC bought a new position in Matador Resources in the first quarter worth about $28,572,000. Public Employees Retirement Association of Colorado raised its holdings in Matador Resources by 14,874.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock worth $24,309,000 after purchasing an additional 424,665 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Matador Resources by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock valued at $60,572,000 after acquiring an additional 329,522 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Trading Up 0.3 %

MTDR stock opened at $49.66 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. Matador Resources has a 1-year low of $48.22 and a 1-year high of $71.08. The business has a 50 day simple moving average of $57.43 and a two-hundred day simple moving average of $61.23. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 6.80 and a beta of 3.27.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. Matador Resources’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 earnings per share. Research analysts anticipate that Matador Resources will post 7.83 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, August 15th. Matador Resources’s dividend payout ratio is currently 10.96%.

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 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.