Shares of Matador Resources Co (NYSE:MTDR) have been given an average recommendation of “Buy” by the twenty-one brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $30.27.
A number of brokerages have recently commented on MTDR. Mizuho reiterated a “hold” rating and issued a $24.00 target price on shares of Matador Resources in a report on Friday, September 29th. Northland Securities reiterated a “buy” rating and issued a $33.00 target price on shares of Matador Resources in a report on Tuesday, September 26th. Scotiabank reiterated a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. BidaskClub upgraded Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Finally, Barclays lifted their target price on Matador Resources from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th.
Shares of Matador Resources (NYSE:MTDR) traded up $0.64 during trading on Tuesday, hitting $32.19. The stock had a trading volume of 1,190,500 shares, compared to its average volume of 1,072,480. The stock has a market cap of $3,480.00, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.14. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. Matador Resources has a 12-month low of $20.13 and a 12-month high of $32.35.
In other Matador Resources news, Director David M. Posner purchased 1,035 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $28.92 per share, with a total value of $29,932.20. Following the purchase, the director now owns 6,274 shares of the company’s stock, valued at $181,444.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Matador Resources by 53.9% during the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock valued at $217,677,000 after purchasing an additional 3,566,950 shares in the last quarter. Vanguard Group Inc. raised its position in Matador Resources by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock valued at $156,044,000 after purchasing an additional 241,175 shares in the last quarter. State Street Corp raised its position in Matador Resources by 40.5% during the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Matador Resources by 216.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Matador Resources by 1.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,898,989 shares of the energy company’s stock valued at $40,581,000 after purchasing an additional 31,342 shares in the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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