Matador Resources (NYSE:MTDR) Given Consensus Rating of “Moderate Buy” by Analysts

Matador Resources (NYSE:MTDR) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research 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 brokerages that have issued ratings on the stock in the last year is $73.79.

MTDR has been the topic of a number of research analyst reports. Mizuho decreased their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Morgan Stanley reduced their target price on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Finally, Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Friday, January 3rd.

Insider Activity at Matador Resources

In related news, CAO Robert T. Macalik purchased 1,200 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $47.98 per share, with a total value of $57,576.00. Following the completion of the purchase, the chief accounting officer now owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Van H. Singleton II purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the acquisition, the insider now directly owns 289,135 shares of the company’s stock, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 21,350 shares of company stock worth $1,100,769 in the last quarter. 6.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Matador Resources during the fourth quarter valued at $25,000. TCTC Holdings LLC grew its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares during the period. 91.98% of the stock is owned by institutional investors.

Matador Resources Trading Up 1.3 %

Matador Resources stock opened at $51.15 on Tuesday. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The firm’s 50 day moving average price is $54.02 and its 200-day moving average price is $54.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a market cap of $6.40 billion, a P/E ratio of 7.16 and a beta of 3.17.

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

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

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.