Matador Resources (NYSE:MTDR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Matador Resources (NYSE:MTDR) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $75.14.

Several research firms have recently weighed in on MTDR. BMO Capital Markets lifted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a report on Wednesday.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the purchase, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at $2,331,410.18. This trade represents a 4.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson purchased 1,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the acquisition, the executive vice president now owns 85,935 shares in the company, valued at $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,285 shares of company stock worth $232,849. 6.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Matador Resources

Several large investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new stake in Matador Resources during the third quarter worth approximately $37,000. Denver PWM LLC boosted its holdings in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the last quarter. Quarry LP raised its stake in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after acquiring an additional 251 shares in the last quarter. Finally, Covestor Ltd lifted its position in Matador Resources by 154.8% in the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after acquiring an additional 644 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 1.1 %

NYSE:MTDR opened at $63.45 on Thursday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 8.40 and a beta of 3.24. The company’s fifty day moving average price is $57.53 and its 200-day moving average price is $56.03. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. As a group, equities research analysts anticipate that Matador Resources will post 7.49 EPS for the current year.

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.