Matador Resources (NYSE:MTDR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Matador Resources (NYSE:MTDR) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $74.92.

Several equities analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Thursday, October 24th. Stephens increased their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. BMO Capital Markets boosted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Mizuho cut their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, KeyCorp lowered their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th.

Insider Activity at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman bought 1,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $50.35 per share, with a total value of $50,350.00. Following the transaction, the executive vice president now directly owns 2,750 shares in the company, valued at approximately $138,462.50. This trade represents a 57.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Robert T. Macalik purchased 500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the transaction, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. The trade was a 1.71 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,105 shares of company stock worth $562,306. 6.10% of the stock is currently owned by company insiders.

Institutional Trading of Matador Resources

A number of institutional investors and hedge funds have recently made changes to their positions in MTDR. Boston Trust Walden Corp acquired a new stake in Matador Resources in the 3rd quarter valued at approximately $51,788,000. Yaupon Capital Management LP raised its stake in shares of Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after purchasing an additional 632,218 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares during the period. Los Angeles Capital Management LLC bought a new position in Matador Resources in the 2nd quarter valued at about $18,747,000. Finally, FMR LLC increased its stake in Matador Resources by 162.9% during the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company’s stock valued at $23,662,000 after buying an additional 296,663 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

Matador Resources stock opened at $58.85 on Wednesday. The stock has a market capitalization of $7.34 billion, a P/E ratio of 7.79 and a beta of 3.26. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The firm’s 50-day moving average is $53.66 and its two-hundred day moving average is $56.71.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. Matador Resources’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. Equities analysts predict that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is currently 13.25%.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.