Matador Resources (NYSE:MTDR) Receives Average Rating of “Moderate Buy” from Brokerages

Matador Resources (NYSE:MTDR) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $75.14.

Several research firms have commented on MTDR. Morgan Stanley began coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Wells Fargo & Company raised their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Finally, Truist Financial raised their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $44.85 on Friday. Matador Resources has a twelve month low of $43.89 and a twelve month high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $57.58 and a two-hundred day simple moving average of $55.51. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 6.28 and a beta of 3.22.

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

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.79%. Matador Resources’s payout ratio is 17.51%.

Insider Activity at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $53.06 per share, with a total value of $53,060.00. Following the acquisition, the executive vice president now directly owns 91,680 shares of the company’s stock, valued at $4,864,540.80. The trade was a 1.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher P. Calvert bought 1,300 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,000 shares in the company, valued at approximately $1,875,780. The trade was a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 20,330 shares of company stock valued at $1,061,516. 6.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Matador Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Matador Resources during the 4th quarter worth approximately $7,529,000. American Trust lifted its position in shares of Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company’s stock worth $353,000 after purchasing an additional 650 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Matador Resources in the 4th quarter worth approximately $1,988,000. Neo Ivy Capital Management acquired a new position in shares of Matador Resources in the 4th quarter worth approximately $3,705,000. Finally, GTS Securities LLC lifted its position in shares of Matador Resources by 157.7% in the 4th quarter. GTS Securities LLC now owns 20,184 shares of the energy company’s stock worth $1,136,000 after purchasing an additional 12,353 shares during the period. 91.98% of the stock is owned by 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.