Matador Resources (NYSE:MTDR) Stock Price Expected to Rise, Mizuho Analyst Says

Matador Resources (NYSE:MTDR) had its target price increased by investment analysts at Mizuho from $74.00 to $77.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the energy company’s stock. Mizuho’s price target would suggest a potential upside of 43.18% from the stock’s current price.

Several other analysts have also commented on MTDR. Morgan Stanley lifted their price objective on Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. BMO Capital Markets raised their target price on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Truist Financial raised Matador Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $67.00 in a research note on Tuesday, May 12th. UBS Group boosted their target price on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Zacks Research cut shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.08.

Matador Resources Stock Down 5.0%

NYSE MTDR opened at $53.78 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84. The stock has a market capitalization of $6.68 billion, a PE ratio of 13.83 and a beta of 0.81. The business’s 50-day moving average is $59.61 and its 200 day moving average is $50.18.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in Matador Resources by 1,104.8% during the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after acquiring an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after buying an additional 690 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Matador Resources in the 2nd quarter worth approximately $255,000. Arrowstreet Capital Limited Partnership acquired a new stake in Matador Resources in the 2nd quarter valued at approximately $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Matador Resources by 767.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock worth $156,000 after purchasing an additional 2,885 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

About Matador Resources

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.