Matador Resources (NYSE:MTDR)‘s stock had its “buy” rating reaffirmed by stock analysts at BMO Capital Markets in a report issued on Wednesday. They currently have a $30.00 target price on the energy company’s stock. BMO Capital Markets’ price target suggests a potential upside of 3.95% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus set a $36.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday, January 29th. SunTrust Banks set a $40.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, January 19th. Mizuho raised shares of Matador Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada set a $32.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.76.
Matador Resources (MTDR) traded down $0.06 on Wednesday, hitting $28.86. 598,083 shares of the company traded hands, compared to its average volume of 1,224,385. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91. Matador Resources has a 1 year low of $20.13 and a 1 year high of $33.96. The firm has a market cap of $3,203.17, a PE ratio of 23.66, a P/E/G ratio of 0.83 and a beta of 1.29.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $168.40 million during the quarter, compared to analyst estimates of $148.89 million. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. During the same quarter in the previous year, the firm earned $0.08 EPS. analysts forecast that Matador Resources will post 1.28 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. grew its holdings in shares of Matador Resources by 164.4% in the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Matador Resources by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after purchasing an additional 1,617 shares during the period. Strs Ohio grew its holdings in shares of Matador Resources by 125.9% in the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after purchasing an additional 3,400 shares during the period. Creative Planning purchased a new stake in shares of Matador Resources in the fourth quarter valued at about $201,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Matador Resources in the third quarter valued at about $202,000. 87.66% of the stock is owned by hedge funds and other institutional investors.
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About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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