Matador Resources (NYSE:MTDR) Earns Buy Rating from Benchmark

Matador Resources (NYSE:MTDR)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a note issued to investors on Friday,Benzinga reports. They presently have a $62.00 price target on the energy company’s stock. Benchmark’s target price would indicate a potential downside of 2.87% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Morgan Stanley began 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday. Truist Financial lifted their price target on Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. BMO Capital Markets raised their target price 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. Finally, KeyCorp decreased their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Stock Up 0.7 %

Matador Resources stock opened at $63.83 on Friday. The stock has a fifty day moving average of $57.94 and a 200 day moving average of $56.13. 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 has a market cap of $7.96 billion, a PE ratio of 8.45 and a beta of 3.24. Matador Resources has a one year low of $47.15 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share 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 company had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the prior year, the firm posted $1.86 EPS. Matador Resources’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Matador Resources will post 7.46 EPS for the current year.

Insiders Place Their Bets

In other Matador Resources news, EVP Glenn W. Stetson purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the purchase, the executive vice president now owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Thomas Elsener bought 800 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares in the company, valued at approximately $5,827,762.40. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 4,285 shares of company stock valued at $232,849 in the last ninety days. Insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

Several hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake 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 worth $29,000 after acquiring an additional 207 shares during the period. ClearAlpha Technologies LP grew its stake in Matador Resources by 4.3% during the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after acquiring an additional 218 shares in the last quarter. Quarry LP boosted its stake in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares during the period. Greenleaf Trust increased its position in Matador Resources by 3.8% in the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock worth $350,000 after purchasing an additional 260 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Matador Resources by 4.4% in the second quarter. Evergreen Capital Management LLC now owns 6,814 shares of the energy company’s stock valued at $406,000 after acquiring an additional 289 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

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.