Matador Resources Company (NYSE:MTDR) Given Consensus Rating of “Moderate Buy” by Brokerages

Matador Resources Company (NYSE:MTDR) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $57.8182.

MTDR has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group increased their price objective on shares of Matador Resources from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Royal Bank Of Canada reduced their target price on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company lowered shares of Matador Resources from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $61.00 to $47.00 in a research note on Tuesday, January 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Matador Resources by 298.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Kestra Investment Management LLC increased its stake in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after buying an additional 358 shares during the period. Allworth Financial LP increased its stake in Matador Resources by 182.0% during the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock valued at $27,000 after buying an additional 364 shares during the period. Rothschild Investment LLC raised its position in shares of Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Matador Resources in the 3rd quarter worth approximately $35,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Performance

Shares of MTDR stock opened at $49.63 on Friday. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 8.14 and a beta of 1.14. Matador Resources has a one year low of $35.19 and a one year high of $53.84. The company’s 50-day simple moving average is $44.71 and its 200-day simple moving average is $44.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.79.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The company had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.Matador Resources’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 EPS. Equities analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is currently 24.59%.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.