Matador Resources (NYSE:MTDR – Free Report) had its target price lifted by Mizuho from $67.00 to $76.00 in a report released on Monday morning, Benzinga reports. Mizuho currently has a buy rating on the energy company’s stock.
A number of other equities analysts have also recently commented on MTDR. TD Cowen lifted their price objective on shares of Matador Resources from $64.00 to $72.00 and gave the stock an outperform rating in a research note on Monday, March 4th. Royal Bank of Canada reaffirmed an outperform rating and set a $70.00 price target on shares of Matador Resources in a research note on Tuesday, March 5th. KeyCorp dropped their price target on shares of Matador Resources from $76.00 to $71.00 and set an overweight rating for the company in a research note on Thursday, January 11th. Wells Fargo & Company lifted their price target on shares of Matador Resources from $73.00 to $76.00 and gave the stock an overweight rating in a research note on Thursday, March 7th. Finally, Benchmark decreased their price objective on shares of Matador Resources from $71.00 to $62.00 and set a buy rating for the company in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $71.89.
View Our Latest Analysis on MTDR
Matador Resources Stock Performance
Matador Resources (NYSE:MTDR – Get Free Report) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.05). The company had revenue of $836.13 million for the quarter, compared to analysts’ expectations of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. As a group, sell-side analysts forecast that Matador Resources will post 6.87 earnings per share for the current fiscal year.
Matador Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. Matador Resources’s dividend payout ratio is currently 11.35%.
Institutional Investors Weigh In On Matador Resources
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Matador Resources by 2.7% in the 2nd quarter. BlackRock Inc. now owns 13,783,424 shares of the energy company’s stock valued at $721,149,000 after purchasing an additional 366,773 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Matador Resources by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 12,422,915 shares of the energy company’s stock worth $658,165,000 after acquiring an additional 567,557 shares in the last quarter. State Street Corp raised its stake in shares of Matador Resources by 7.0% during the 1st quarter. State Street Corp now owns 5,777,669 shares of the energy company’s stock worth $306,101,000 after acquiring an additional 377,853 shares in the last quarter. Invesco Ltd. raised its stake in shares of Matador Resources by 82.9% during the 1st quarter. Invesco Ltd. now owns 4,367,715 shares of the energy company’s stock worth $231,403,000 after acquiring an additional 1,979,904 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Matador Resources by 3.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,326,071 shares of the energy company’s stock worth $201,552,000 after acquiring an additional 135,179 shares in the last quarter. Institutional investors own 87.23% of the company’s stock.
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.
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