Matador Resources Co (MTDR) Given Consensus Rating of “Buy” by Analysts

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.

Matador Resources (NYSE:MTDR) last announced its earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to analysts’ expectations of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company’s quarterly revenue was up 42.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. equities analysts expect that Matador Resources will post 0.66 EPS for the current year.

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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by BBNS and is owned by of BBNS. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://baseballnewssource.com/markets/matador-resources-co-mtdr-given-consensus-rating-of-buy-by-analysts/1820606.html.

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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.