Weekly Analysts’ Ratings Updates for Matador Resources (MTDR)

Matador Resources (NYSE: MTDR) recently received a number of ratings updates from brokerages and research firms:

• 10/1/2024 – Matador Resources had its price target lowered by analysts at Wells Fargo & Company from $89.00 to $87.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Matador Resources had its price target lowered by analysts at Truist Financial Co. from $86.00 to $75.00. They now have a “buy” rating on the stock.
• 9/27/2024 – Matador Resources had its price target raised by analysts at Stephens from $74.00 to $76.00. They now have an “overweight” rating on the stock.
• 9/27/2024 – Matador Resources had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $75.00 price target on the stock.
• 9/20/2024 – Matador Resources had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $75.00 price target on the stock.
• 9/16/2024 – Matador Resources had its price target lowered by analysts at Mizuho from $85.00 to $74.00. They now have an “outperform” rating on the stock.
• 9/12/2024 – Matador Resources had its price target lowered by analysts at JPMorgan Chase & Co. from $83.00 to $76.00. They now have an “overweight” rating on the stock.

Matador Resources Stock Up 2.2 %

NYSE MTDR opened at $50.49 on Wednesday. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.30 billion, a PE ratio of 6.92 and a beta of 3.27. The stock’s 50 day moving average is $54.70 and its 200 day moving average is $60.09.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million for 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 company’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Research analysts predict that Matador Resources will post 7.63 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.58%. Matador Resources’s payout ratio is 10.96%.

Insider Transactions at Matador Resources

In other news, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought 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 in the company, valued at $1,596,850. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Matador Resources news, CFO Brian J. Willey purchased 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $50.50 per share, with a total value of $75,750.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at $75,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert T. Macalik bought 500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 12,300 shares of company stock valued at $634,615. 6.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new position in Matador Resources during the first quarter worth $828,000. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Matador Resources by 28.6% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock worth $2,481,000 after purchasing an additional 8,254 shares during the period. Burford Brothers Inc. bought a new position in Matador Resources during the 4th quarter valued at about $1,535,000. Goldman Sachs Group Inc. raised its position in Matador Resources by 31.7% in the 4th 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 during the period. Finally, Capstone Investment Advisors LLC raised its position in Matador Resources by 1,029.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 76,032 shares of the energy company’s stock worth $5,077,000 after purchasing an additional 69,298 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

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.