Matador Resources (NYSE:MTDR) Stock Rating Upgraded by Capital One Financial

Capital One Financial upgraded shares of Matador Resources (NYSE:MTDR) from an equal weight rating to an overweight rating in a report released on Thursday morning, Marketbeat Ratings reports. Capital One Financial currently has $84.00 target price on the energy company’s stock, up from their previous target price of $80.00. Capital One Financial also issued estimates for Matador Resources’ Q3 2024 earnings at $1.94 EPS, FY2027 earnings at $9.08 EPS and FY2028 earnings at $9.48 EPS.

A number of other equities analysts have also recently commented on MTDR. TD Cowen lifted their target price on shares of Matador Resources from $85.00 to $87.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. Wolfe Research assumed coverage on shares of Matador Resources in a research report on Thursday, July 18th. They issued a peer perform rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an overweight rating in a research report on Thursday, April 11th. Benchmark restated a buy rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, July 24th. Finally, Mizuho boosted their price objective on shares of Matador Resources from $83.00 to $85.00 and gave the company a buy rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $78.08.

Matador Resources Stock Performance

Matador Resources stock opened at $61.44 on Thursday. The firm’s fifty day moving average price is $60.26 and its 200-day moving average price is $61.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.86. The stock has a market cap of $7.67 billion, a P/E ratio of 8.42 and a beta of 3.29. Matador Resources has a fifty-two week low of $51.72 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The firm’s revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS. On average, equities research analysts expect that Matador Resources will post 7.93 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, August 15th. Matador Resources’s payout ratio is currently 10.96%.

Insider Buying and Selling

In other Matador Resources news, EVP Bryan A. Erman acquired 1,750 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of $55.90 per share, with a total value of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at approximately $97,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of MTDR. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Matador Resources by 32.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock valued at $1,320,000 after buying an additional 5,747 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Matador Resources by 31.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock valued at $5,237,000 after purchasing an additional 21,924 shares during the period. TFO Wealth Partners LLC lifted its position in Matador Resources by 310,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock valued at $884,000 after purchasing an additional 15,546 shares during the period. Janney Montgomery Scott LLC bought a new position in Matador Resources during the first quarter valued at approximately $828,000. Finally, Prevail Innovative Wealth Advisors LLC lifted its position in Matador Resources by 28.6% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after purchasing an additional 8,254 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.