Shares of Matador Resources (NYSE:MTDR) have been given an average recommendation of “Buy” by the eighteen research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.67.
Several brokerages have recently issued reports on MTDR. Stifel Nicolaus set a $37.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Monday, April 23rd. SunTrust Banks set a $40.00 target price on Matador Resources and gave the company a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank began coverage on Matador Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $37.00 target price for the company. Zacks Investment Research raised Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, January 19th. Finally, TheStreet raised Matador Resources from a “c+” rating to a “b-” rating in a research report on Wednesday, May 2nd.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock worth $187,000 after acquiring an additional 1,617 shares during the last quarter. Swiss National Bank boosted its stake in Matador Resources by 1.1% in the 1st quarter. Swiss National Bank now owns 170,002 shares of the energy company’s stock worth $5,085,000 after purchasing an additional 1,800 shares during the period. Amalgamated Bank boosted its stake in Matador Resources by 14.8% in the 4th quarter. Amalgamated Bank now owns 14,163 shares of the energy company’s stock worth $441,000 after purchasing an additional 1,829 shares during the period. Aperio Group LLC boosted its stake in Matador Resources by 6.3% in the 1st quarter. Aperio Group LLC now owns 34,835 shares of the energy company’s stock worth $1,042,000 after purchasing an additional 2,071 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Matador Resources by 8.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 29,170 shares of the energy company’s stock worth $908,000 after purchasing an additional 2,200 shares during the period. 87.75% of the stock is owned by institutional investors.
Matador Resources traded up $0.44, hitting $33.67, during trading hours on Monday, MarketBeat reports. 19,260 shares of the company traded hands, compared to its average volume of 1,300,827. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. Matador Resources has a one year low of $32.28 and a one year high of $32.94. The stock has a market cap of $3.59 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18.
Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 2nd. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Matador Resources had a return on equity of 8.31% and a net margin of 23.15%. The firm had revenue of $182.00 million during the quarter, compared to analyst estimates of $168.16 million. During the same period last year, the firm posted $0.08 EPS. The business’s revenue was up 58.5% compared to the same quarter last year. sell-side analysts forecast that Matador Resources will post 1.46 earnings per share for the current fiscal year.
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 in 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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