Matador Resources Company (NYSE:MTDR) Receives Average Rating of “Moderate Buy” from Brokerages

Matador Resources Company (NYSE:MTDR) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $65.0769.

A number of research firms have recently issued reports on MTDR. Mizuho lifted their price objective on shares of Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. TD Cowen lifted their price objective on shares of Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Weiss Ratings lowered shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Citigroup dropped their price objective on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Finally, KeyCorp lifted their price objective on shares of Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd.

Matador Resources Trading Down 1.5%

NYSE MTDR opened at $55.68 on Friday. Matador Resources has a one year low of $37.14 and a one year high of $66.84. The company’s 50 day moving average price is $59.16 and its 200 day moving average price is $50.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 14.31 and a beta of 0.74.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same quarter last year, the firm posted $1.99 earnings per share. Matador Resources’s revenue for the quarter was down 33.8% compared to the same quarter last year. On average, sell-side analysts predict that Matador Resources will post 7.36 EPS for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. Matador Resources’s dividend payout ratio (DPR) is currently 38.56%.

Insider Activity

In related news, CEO Joseph Wm Foran purchased 482 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $52.70 per share, for a total transaction of $25,401.40. Following the completion of the purchase, the chief executive officer owned 7,479 shares in the company, valued at approximately $394,143.30. This represents a 6.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Glenn W. Stetson purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average price of $53.94 per share, with a total value of $26,970.00. Following the purchase, the chief operating officer owned 94,970 shares of the company’s stock, valued at approximately $5,122,681.80. The trade was a 0.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 7,407 shares of company stock worth $390,367 over the last 90 days. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in MTDR. Kestra Investment Management LLC increased its stake in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Matador Resources in the first quarter worth $27,000. Rothschild Investment LLC increased its stake in shares of Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Matador Resources in the third quarter worth $35,000. Finally, Center for Financial Planning Inc. bought a new stake in shares of Matador Resources in the first quarter worth $41,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.