BMO Capital Markets Reiterates “$30.00” Price Target for Matador Resources (MTDR)

BMO Capital Markets set a $30.00 price objective on Matador Resources (NYSE:MTDR) in a report published on Tuesday, November 14th. The brokerage currently has a buy rating on the energy company’s stock.

MTDR has been the topic of several other research reports. Scotiabank restated a buy rating and issued a $26.00 price objective on shares of Matador Resources in a research report on Thursday, August 3rd. Barclays set a $25.00 target price on Matador Resources and gave the company a hold rating in a research report on Wednesday, October 11th. BidaskClub upgraded Matador Resources from a buy rating to a strong-buy rating in a research report on Thursday, September 28th. SunTrust Banks reiterated a buy rating and set a $32.00 target price on shares of Matador Resources in a research report on Friday, November 10th. Finally, Northland Securities set a $33.00 price objective on Matador Resources and gave the company a buy rating in a report on Monday, July 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $30.00.

Matador Resources (MTDR) traded up $0.54 during mid-day trading on Tuesday, hitting $29.14. 1,630,000 shares of the company’s stock traded hands, compared to its average volume of 1,340,000. Matador Resources has a 1-year low of $20.13 and a 1-year high of $29.76. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3,160.00, a price-to-earnings ratio of 53.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 42.3% compared to the same quarter last year. sell-side analysts expect that Matador Resources will post 0.63 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after buying an additional 2,727 shares during the period. Fortaleza Asset Management Inc. acquired a new position in Matador Resources during the third quarter worth approximately $167,000. Dubuque Bank & Trust Co. increased its position in Matador Resources by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after buying an additional 275 shares during the period. LS Investment Advisors LLC acquired a new position in Matador Resources during the second quarter worth approximately $155,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Matador Resources in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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Matador Resources Company Profile

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)

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