Stifel Nicolaus restated their buy rating on shares of Matador Resources Company (NYSE:MTDR) in a research note issued to investors on Thursday, September 7th. They currently have a $33.00 price objective on the energy company’s stock.
Several other research analysts have also issued reports on MTDR. KLR Group increased their target price on Matador Resources from $24.00 to $25.00 and gave the stock a hold rating in a research report on Wednesday, May 10th. ValuEngine lowered Matador Resources from a hold rating to a sell rating in a research report on Thursday, May 18th. Credit Suisse Group initiated coverage on Matador Resources in a research report on Thursday, June 1st. They issued an outperform rating and a $34.00 target price for the company. Royal Bank Of Canada reissued a buy rating and issued a $34.00 target price on shares of Matador Resources in a research report on Friday, June 16th. Finally, BMO Capital Markets set a $23.00 target price on Matador Resources and gave the stock a buy rating in a research report on Monday, June 26th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $28.63.
Matador Resources (NYSE:MTDR) traded up 1.88% during midday trading on Thursday, reaching $24.39. 2,106,690 shares of the company’s stock were exchanged. Matador Resources has a 12 month low of $19.99 and a 12 month high of $28.51. The company has a 50 day moving average price of $23.61 and a 200 day moving average price of $23.02. The company has a market cap of $2.45 billion, a P/E ratio of 12.60 and a beta of 1.23.
Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The firm had revenue of $115.90 million during the quarter, compared to analyst estimates of $112.21 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was up 65.1% compared to the same quarter last year. On average, equities analysts anticipate that Matador Resources will post $0.49 EPS for the current year.
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In other news, Director David M. Posner purchased 4,115 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the purchase, the director now directly owns 6,274 shares in the company, valued at approximately $151,203.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MTDR. FNY Partners Fund LP boosted its stake in shares of Matador Resources by 66.7% in the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after buying an additional 2,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Matador Resources in the 1st quarter worth $120,000. Dubuque Bank & Trust Co. boosted its stake in shares of Matador Resources by 4.0% in the 2nd 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 last quarter. Parallel Advisors LLC boosted its stake in shares of Matador Resources by 10.8% in the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after buying an additional 682 shares during the last quarter. Finally, LS Investment Advisors LLC purchased a new position in shares of Matador Resources in the 2nd quarter worth $155,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.
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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