Matador Resources Company (NYSE:MTDR) had its price objective raised by research analysts at Barclays PLC from $25.00 to $28.00 in a report released on Monday. The brokerage presently has an “equal weight” rating on the energy company’s stock. Barclays PLC’s target price points to a potential upside of 3.47% from the company’s current price.
MTDR has been the topic of a number of other reports. BidaskClub upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Scotiabank restated a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. Imperial Capital upped their target price on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Northland Securities set a $35.00 target price on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, November 13th. Finally, Zacks Investment Research lowered shares of Matador Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.51.
Shares of Matador Resources (NYSE MTDR) traded up $0.08 during midday trading on Monday, reaching $27.06. 979,200 shares of the company were exchanged, compared to its average volume of 1,571,200. The firm has a market cap of $2,934.58, a PE ratio of 50.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. Matador Resources has a 12-month low of $20.13 and a 12-month high of $29.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60.
Matador Resources (NYSE:MTDR) last released its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The company 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 firm’s quarterly revenue was up 42.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. analysts predict that Matador Resources will post 0.59 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after buying an additional 1,370,196 shares during the period. Principal Financial Group Inc. raised its holdings in Matador Resources by 3,072.3% in the second quarter. Principal Financial Group Inc. now owns 398,282 shares of the energy company’s stock valued at $8,511,000 after buying an additional 385,727 shares during the period. TD Asset Management Inc. raised its holdings in Matador Resources by 2.5% in the second quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock valued at $774,000 after buying an additional 897 shares during the period. Northpointe Capital LLC raised its holdings in Matador Resources by 9.7% in the third quarter. Northpointe Capital LLC now owns 400,228 shares of the energy company’s stock valued at $10,866,000 after buying an additional 35,248 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in Matador Resources by 88.5% in the second quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after buying an additional 2,328,250 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.
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.
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