Matador Resources (MTDR) Given a $36.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $36.00 price target on Matador Resources (NYSE:MTDR) in a report published on Monday, March 12th. The brokerage currently has a buy rating on the energy company’s stock. The analysts noted that the move was a valuation call.

Several other equities analysts have also commented on MTDR. Mizuho upgraded Matador Resources from a neutral rating to a buy rating in a research note on Tuesday, January 16th. Barclays upped their target price on Matador Resources from $25.00 to $28.00 and gave the company an equal weight rating in a research note on Monday, November 20th. SunTrust Banks set a $40.00 target price on Matador Resources and gave the company a buy rating in a research note on Wednesday, January 24th. Northland Securities set a $35.00 target price on Matador Resources and gave the company a buy rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research upgraded Matador Resources from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Saturday, March 10th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $33.50.

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Shares of NYSE MTDR traded down $1.33 during trading on Monday, reaching $27.60. The company had a trading volume of 1,706,564 shares, compared to its average volume of 1,204,796. Matador Resources has a twelve month low of $20.13 and a twelve month high of $33.96. The stock has a market cap of $3,134.34, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 0.82 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $168.40 million during the quarter, compared to analysts’ expectations of $148.89 million. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. During the same period in the previous year, the firm posted $0.08 earnings per share. analysts anticipate that Matador Resources will post 1.26 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of Matador Resources by 4.4% in the fourth quarter. Sei Investments Co. now owns 142,446 shares of the energy company’s stock worth $4,434,000 after buying an additional 5,948 shares during the period. New York State Common Retirement Fund boosted its position in shares of Matador Resources by 22.5% in the third quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock worth $3,445,000 after buying an additional 23,274 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Matador Resources by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,179,777 shares of the energy company’s stock worth $32,031,000 after buying an additional 36,969 shares during the period. Legal & General Group Plc boosted its position in shares of Matador Resources by 8.5% in the third quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock worth $2,074,000 after buying an additional 5,975 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Matador Resources by 37.5% in the fourth quarter. Arizona State Retirement System now owns 69,470 shares of the energy company’s stock worth $2,163,000 after buying an additional 18,943 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

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About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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