Northland Securities Analysts Give Matador Resources (NYSE:MTDR) a $35.00 Price Target

Northland Securities set a $35.00 target price on Matador Resources (NYSE:MTDR) in a research note released on Monday, November 13th. The brokerage currently has a buy rating on the energy company’s stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada set a $29.00 price objective on shares of Matador Resources and gave the stock a buy rating in a research note on Thursday, August 3rd. Scotiabank reiterated a buy rating and set a $26.00 price objective on shares of Matador Resources in a research note on Thursday, August 3rd. BMO Capital Markets set a $26.00 price target on shares of Matador Resources and gave the company a buy rating in a research note on Saturday, August 12th. BidaskClub upgraded shares of Matador Resources from a hold rating to a buy rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a buy rating and issued a $33.00 price target on shares of Matador Resources in a research note on Thursday, September 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $30.00.

Matador Resources (MTDR) traded up $0.54 during trading hours on Monday, reaching $29.14. 1,625,875 shares of the company’s stock were exchanged, compared to its average volume of 1,263,147. 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 cap of $3,101.58, a PE ratio of 52.96, a P/E/G ratio of 1.40 and a beta of 1.16. Matador Resources has a one year low of $20.13 and a one year high of $29.76.

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

Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its position in Matador Resources by 164.4% in the 3rd 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 in the last quarter. Dubuque Bank & Trust Co. raised its holdings in shares of Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after purchasing an additional 275 shares in the last quarter. LS Investment Advisors LLC bought a new position in shares of Matador Resources during the 2nd quarter valued at $155,000. Oregon Public Employees Retirement Fund bought a new position in shares of Matador Resources during the 2nd quarter valued at $165,000. Finally, Fortaleza Asset Management Inc. bought a new position in shares of Matador Resources during the 3rd quarter valued at $167,000. 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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