Matador Resources (NYSE:MTDR) Price Target Increased to $91.00 by Analysts at Truist Financial

Matador Resources (NYSE:MTDR) had its price target lifted by Truist Financial from $87.00 to $91.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the energy company’s stock.

A number of other research firms have also weighed in on MTDR. Royal Bank of Canada reissued an outperform rating and set a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. Roth Mkm restated a buy rating and set a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. Wells Fargo & Company raised their target price on Matador Resources from $76.00 to $85.00 and gave the company an overweight rating in a report on Thursday, April 18th. StockNews.com upgraded Matador Resources from a sell rating to a hold rating in a report on Thursday, February 22nd. Finally, Mizuho raised their price objective on shares of Matador Resources from $78.00 to $83.00 and gave the stock a buy rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of Moderate Buy and an average price target of $75.40.

Matador Resources Stock Down 2.2 %

Shares of MTDR stock opened at $55.86 on Thursday. The stock’s 50 day simple moving average is $63.01 and its 200 day simple moving average is $60.53. Matador Resources has a twelve month low of $47.76 and a twelve month high of $71.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 7.65 and a beta of 3.30.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. The company had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, research analysts predict that Matador Resources will post 7.68 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its position in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd raised its holdings in shares of Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Matador Resources during the 4th quarter worth approximately $31,000. Financial Management Professionals Inc. acquired a new stake in Matador Resources in the 4th quarter valued at $34,000. Finally, Rise Advisors LLC bought a new stake in Matador Resources in the first quarter valued at $34,000. 91.98% of the stock is 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.