Matador Resources (NYSE:MTDR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Matador Resources (NYSE:MTDR) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $78.17.

Several research firms have recently weighed in on MTDR. JPMorgan Chase & Co. lifted their target price on Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. KeyCorp boosted their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Wells Fargo & Company raised their target price on shares of Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday. Stephens decreased their price target on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Truist Financial dropped their price objective on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.

Matador Resources Trading Down 2.1 %

Shares of NYSE MTDR opened at $60.15 on Thursday. Matador Resources has a 1-year low of $51.72 and a 1-year high of $71.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The business’s 50 day moving average is $60.22 and its two-hundred day moving average is $61.46. The stock has a market capitalization of $7.51 billion, a P/E ratio of 8.24 and a beta of 3.29.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. Matador Resources’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. As a group, research analysts expect that Matador Resources will post 7.93 EPS for the current year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, August 15th. Matador Resources’s dividend payout ratio is currently 10.96%.

Insider Buying and Selling at Matador Resources

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

Institutional Trading of Matador Resources

Institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its holdings in Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Matador Resources in the fourth quarter worth about $31,000. Rise Advisors LLC acquired a new position in Matador Resources during the first quarter worth about $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Matador Resources during the 4th quarter valued at about $35,000. Finally, Lindbrook Capital LLC grew its stake in Matador Resources by 84.3% during the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after acquiring an additional 273 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

About Matador Resources

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.