Matador Resources (NYSE:MTDR) Short Interest Update

Matador Resources (NYSE:MTDR) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 7,970,000 shares, a growth of 25.7% from the February 28th total of 6,340,000 shares. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is presently 5.9 days. Currently, 6.9% of the company’s stock are sold short.

Matador Resources Stock Up 2.2 %

NYSE:MTDR traded up $1.14 on Wednesday, reaching $52.25. The stock had a trading volume of 1,123,665 shares, compared to its average volume of 1,492,539. The company has a 50-day moving average of $53.57 and a 200 day moving average of $54.92. The stock has a market cap of $6.54 billion, a P/E ratio of 7.32 and a beta of 3.17. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. On average, research analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.39%. Matador Resources’s payout ratio is presently 17.51%.

Insider Activity

In other Matador Resources news, CAO Robert T. Macalik acquired 1,200 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $47.98 per share, with a total value of $57,576.00. Following the acquisition, the chief accounting officer now directly owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul W. Harvey purchased 600 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, with a total value of $33,120.00. Following the acquisition, the director now owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 21,350 shares of company stock worth $1,100,769 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

A number of hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Matador Resources by 12.0% during the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after purchasing an additional 107,827 shares in the last quarter. Stifel Financial Corp lifted its holdings in Matador Resources by 81.2% during the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after acquiring an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Matador Resources by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after purchasing an additional 20,172 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of Matador Resources in the third quarter valued at approximately $10,526,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Matador Resources by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock worth $83,916,000 after purchasing an additional 56,644 shares during the period. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Raymond James lowered their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Mizuho reduced their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company cut their target price on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Finally, TD Cowen increased their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.79.

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 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.