Matador Resources (NYSE:MTDR) Research Coverage Started at Stephens

Stock analysts at Stephens initiated coverage on shares of Matador Resources (NYSE:MTDR) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set an “overweight” rating and a $83.00 price target on the energy company’s stock. Stephens’ price target suggests a potential upside of 44.00% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Truist Financial upped their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. TD Cowen raised their price objective on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Benchmark decreased their price target on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.09.

Matador Resources Stock Performance

NYSE MTDR opened at $57.64 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. Matador Resources has a fifty-two week low of $48.01 and a fifty-two week high of $71.08. The business has a fifty day moving average of $62.03 and a 200-day moving average of $60.48. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 7.90 and a beta of 3.30.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm had revenue of $787.70 million during the quarter, compared to the consensus estimate of $740.99 million. During the same quarter in the previous year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, analysts predict that Matador Resources will post 7.9 earnings per share for the current fiscal year.

Insider Activity at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman acquired 1,750 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares in the company, valued at $97,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTDR. Covestor Ltd boosted its position in shares of Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Rise Advisors LLC acquired a new stake in Matador Resources in the first quarter valued at approximately $34,000. Oakworth Capital Inc. purchased a new stake in shares of Matador Resources during the fourth quarter valued at approximately $31,000. Finally, Lindbrook Capital LLC lifted its position in shares of Matador Resources by 84.3% during the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after purchasing an additional 273 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.