Matador Resources’ (MTDR) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Matador Resources (NYSE:MTDR) in a research report sent to investors on Friday morning,Benzinga reports. Benchmark currently has a $62.00 target price on the energy company’s stock.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley initiated coverage on Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price on the stock. Mizuho decreased their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. cut their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Stephens lifted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company increased their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.14.

Matador Resources Trading Up 0.7 %

Shares of NYSE:MTDR opened at $63.83 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The stock’s 50-day moving average is $57.94 and its 200-day moving average is $56.10. The company has a market cap of $7.96 billion, a P/E ratio of 8.45 and a beta of 3.24. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same period in the previous year, the business posted $1.86 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts predict that Matador Resources will post 7.46 earnings per share for the current year.

Insider Activity at Matador Resources

In related news, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the transaction, the executive vice president now owns 85,935 shares of the company’s stock, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William Thomas Elsener purchased 800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $56.60 per share, with a total value of $45,280.00. Following the acquisition, the executive vice president now owns 102,964 shares of the company’s stock, valued at $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 4,285 shares of company stock valued at $232,849 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake 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 valued at $54,122,000 after acquiring an additional 107,827 shares during the period. Loomis Sayles & Co. L P lifted its position in Matador Resources by 16.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock valued at $22,519,000 after purchasing an additional 65,487 shares during the period. Stifel Financial Corp lifted its position in Matador Resources by 81.2% during the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock valued at $1,498,000 after purchasing an additional 13,583 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Matador Resources in the 3rd quarter valued at about $10,526,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Matador Resources by 194.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 16,534 shares of the energy company’s stock worth $817,000 after buying an additional 10,910 shares during the period. 91.98% of the stock is currently owned by 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.