Matador Resources (NYSE:MTDR) Receives Consensus Rating of “Moderate Buy” from Analysts

Matador Resources (NYSE:MTDR) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $74.92.

MTDR has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. KeyCorp reduced their target price on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a report on Thursday, October 24th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Finally, Mizuho decreased their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, September 16th.

Insider Transactions at Matador Resources

In related news, CFO Brian J. Willey purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $50.50 per share, with a total value of $75,750.00. Following the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $75,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran acquired 2,500 shares of Matador Resources stock in a transaction on Friday, September 6th. The shares were bought at an average price of $51.47 per share, with a total value of $128,675.00. Following the completion of the transaction, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at $1,943,043.97. This trade represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 11,105 shares of company stock worth $562,306 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MTDR. Securian Asset Management Inc. boosted its stake in Matador Resources by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock worth $552,000 after purchasing an additional 170 shares during the last quarter. Raymond James Trust N.A. boosted its position in Matador Resources by 3.6% during the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock worth $341,000 after acquiring an additional 198 shares during the last quarter. ClearAlpha Technologies LP grew its stake in Matador Resources by 4.3% during the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after acquiring an additional 218 shares in the last quarter. Fifth Third Bancorp grew its stake in Matador Resources by 16.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock valued at $102,000 after acquiring an additional 243 shares in the last quarter. Finally, Quarry LP raised its holdings in Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $60.01 on Wednesday. The company has a market capitalization of $7.49 billion, a PE ratio of 7.95 and a beta of 3.26. The company has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $56.65. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. Matador Resources’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 EPS. Research analysts expect that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.67%. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. Matador Resources’s payout ratio is presently 13.25%.

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.