Stephens Cuts Matador Resources (NYSE:MTDR) Price Target to $86.00

Matador Resources (NYSE:MTDR) had its price target decreased by Stephens from $90.00 to $86.00 in a research report released on Tuesday,Benzinga reports. Stephens currently has an overweight rating on the energy company’s stock.

Other analysts have also issued reports about the company. Wells Fargo & Company dropped their target price on Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. 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 research report on Friday, January 3rd. Royal Bank of Canada cut their price target on shares of Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Truist Financial raised their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.29.

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $41.44 on Tuesday. The business’s 50-day simple moving average is $48.56 and its 200 day simple moving average is $53.86. The company has a market cap of $5.19 billion, a P/E ratio of 5.80 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a one year low of $35.19 and a one year high of $67.51.

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

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, May 9th. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Insider Activity at Matador Resources

In related news, CAO Robert T. Macalik acquired 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the purchase, the chief accounting officer now directly owns 31,000 shares in the company, valued at $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul W. Harvey bought 600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $55.20 per share, with a total value of $33,120.00. Following the transaction, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 21,350 shares of company stock worth $1,100,769 in the last ninety days. 6.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after purchasing an additional 107,827 shares during the period. Stifel Financial Corp raised its holdings in shares of Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after purchasing an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Matador Resources by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after purchasing an additional 20,172 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Matador Resources by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock worth $83,916,000 after buying an additional 56,644 shares during the last quarter. Finally, Shaker Investments LLC OH acquired a new position in Matador Resources in the fourth quarter worth approximately $546,000. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Company Profile

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.