Matador Resources (NYSE:MTDR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Matador Resources (NYSE:MTDR) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $75.14.

A number of brokerages have recently commented on MTDR. Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. KeyCorp lowered their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Truist Financial raised their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th.

Insider Activity

In related news, EVP William Thomas Elsener acquired 800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This trade represents a 0.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Glenn W. Stetson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the purchase, the executive vice president now owns 85,935 shares in the company, valued at $4,411,043.55. This trade represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 4,285 shares of company stock valued at $232,849 in the last 90 days. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Hunter Perkins Capital Management LLC increased its stake in Matador Resources by 3.8% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 29,485 shares of the energy company’s stock worth $1,659,000 after acquiring an additional 1,085 shares during the last quarter. KBC Group NV increased its stake in Matador Resources by 45.5% in the 4th quarter. KBC Group NV now owns 5,023 shares of the energy company’s stock worth $283,000 after acquiring an additional 1,570 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Matador Resources by 33.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,528 shares of the energy company’s stock worth $592,000 after acquiring an additional 2,627 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after acquiring an additional 207 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Matador Resources by 109.1% in the 4th quarter. UMB Bank n.a. now owns 945 shares of the energy company’s stock worth $53,000 after acquiring an additional 493 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of MTDR stock opened at $63.03 on Thursday. The business’s 50-day moving average price is $58.28 and its 200-day moving average price is $56.21. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 8.35 and a beta of 3.24. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same period last year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Matador Resources will post 7.43 EPS for the current 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 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.