Matador Resources (NYSE:MTDR) Given Average Recommendation of “Moderate Buy” by Analysts

Matador Resources (NYSE:MTDR) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $74.92.

MTDR has been the topic of several recent analyst reports. Mizuho dropped their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company dropped their target price on shares of 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 price target on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets raised their price objective on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 30th.

Matador Resources Trading Down 0.6 %

NYSE MTDR opened at $58.85 on Wednesday. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The firm has a 50 day moving average of $53.66 and a two-hundred day moving average of $56.71. The stock has a market capitalization of $7.34 billion, a PE ratio of 7.79 and a beta of 3.26. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

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

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

Insider Buying and Selling at Matador Resources

In related news, CFO Brian J. Willey bought 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $75,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $50.25 per share, with a total value of $25,125.00. Following the acquisition, the chief accounting officer now directly owns 29,800 shares in the company, valued at approximately $1,497,450. This represents a 1.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 11,105 shares of company stock valued at $562,306. 6.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after acquiring an additional 466 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Matador Resources by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock valued at $73,768,000 after purchasing an additional 53,322 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Matador Resources by 54.9% during the 1st quarter. Janus Henderson Group PLC now owns 123,742 shares of the energy company’s stock worth $8,259,000 after purchasing an additional 43,860 shares in the last quarter. Tidal Investments LLC raised its position in shares of Matador Resources by 21.2% during the 1st quarter. Tidal Investments LLC now owns 4,583 shares of the energy company’s stock worth $306,000 after purchasing an additional 802 shares during the last quarter. Finally, EMC Capital Management lifted its stake in Matador Resources by 71.1% in the 1st quarter. EMC Capital Management now owns 7,042 shares of the energy company’s stock valued at $470,000 after buying an additional 2,926 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

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.