Shares of Matador Resources Co (NYSE:MTDR) have been given an average rating of “Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.27.
Several research analysts have issued reports on MTDR shares. Williams Capital restated a “buy” rating and issued a $26.00 price target on shares of Matador Resources in a research report on Wednesday, October 30th. ValuEngine raised Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $17.00 to $22.00 in a research note on Friday, October 4th. Stifel Nicolaus set a $22.00 price target on Matador Resources and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Northland Securities restated a “buy” rating and set a $22.00 price objective on shares of Matador Resources in a report on Wednesday, October 30th.
Shares of Matador Resources stock opened at $14.93 on Tuesday. The business has a fifty day simple moving average of $14.38 and a 200-day simple moving average of $16.10. Matador Resources has a fifty-two week low of $12.16 and a fifty-two week high of $22.25. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.92 and a beta of 2.05. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.79.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. The company had revenue of $279.40 million during the quarter, compared to the consensus estimate of $227.69 million. During the same period in the prior year, the company earned $0.48 EPS. Matador Resources’s revenue was up 34.9% on a year-over-year basis. Analysts anticipate that Matador Resources will post 1.07 earnings per share for the current fiscal year.
In other news, CEO Joseph Wm Foran acquired 10,000 shares of Matador Resources stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $14.30 per share, with a total value of $143,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik bought 1,900 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $13.95 per share, for a total transaction of $26,505.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,250 shares of company stock valued at $468,854 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in MTDR. Tower Research Capital LLC TRC purchased a new position in Matador Resources during the second quarter worth about $30,000. Nisa Investment Advisors LLC increased its position in shares of Matador Resources by 149.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock valued at $64,000 after purchasing an additional 2,310 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Matador Resources during the 1st quarter valued at $74,000. Denali Advisors LLC bought a new stake in shares of Matador Resources during the 3rd quarter worth $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Matador Resources by 27.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,468 shares of the energy company’s stock worth $123,000 after purchasing an additional 1,630 shares during the period. Institutional investors and hedge funds own 95.15% of the company’s stock.
About Matador Resources
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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