Matador Resources (NYSE:MTDR) Receives $74.38 Average PT from Analysts

Matador Resources (NYSE:MTDR) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $74.38.

MTDR has been the subject of a number of research reports. Mizuho dropped their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. TD Cowen raised their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. BMO Capital Markets upped their price target on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. dropped their price target 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. Finally, Stephens boosted their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now owns 42,251 shares in the company, valued at $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Thomas Elsener acquired 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $56.60 per share, with a total value of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares in the company, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 4,285 shares of company stock worth $232,849 over the last three months. 6.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Matador Resources

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

Matador Resources Trading Up 0.1 %

Shares of Matador Resources stock opened at $54.19 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 7.18 and a beta of 3.26. The firm’s 50-day moving average price is $55.67 and its two-hundred day moving average price is $56.01.

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

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

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.