Matador Resources (NYSE:MTDR) Stock Price Down 5.1% – Should You Sell?

Shares of Matador Resources (NYSE:MTDR) dropped 5.1% during trading on Friday . The company traded as low as $55.05 and last traded at $55.13. Approximately 176,379 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,504,585 shares. The stock had previously closed at $58.10.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Mizuho cut their target price on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company lowered their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Benchmark reissued a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Finally, 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 research note on Friday, October 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $75.08.

Matador Resources Trading Down 4.8 %

The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average is $55.00 and its 200 day moving average is $56.49. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 7.32 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last posted its 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. The firm had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $1.86 EPS. Research analysts predict that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

Insider Activity at Matador Resources

In other news, Director Robert Gaines Baty acquired 500 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $50.58 per share, for a total transaction of $25,290.00. Following the acquisition, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. This represents a 0.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Glenn W. Stetson acquired 1,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $51.33 per share, with a total value 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 represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 5,605 shares of company stock valued at $282,406. 6.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares in the last quarter. Victory Capital Management Inc. lifted its position in Matador Resources by 2.7% during the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after buying an additional 72,077 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Matador Resources by 10.5% during the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock worth $134,102,000 after buying an additional 214,334 shares during the last quarter. Geode Capital Management LLC grew its holdings in Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after buying an additional 36,921 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Matador Resources by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock worth $70,914,000 after acquiring an additional 57,254 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

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.