Matador Resources (NYSE:MTDR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Matador Resources (NYSE:MTDR) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $73.79.

MTDR has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Truist Financial upped their target price on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. TD Cowen increased their price target on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley dropped their price target on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th.

Matador Resources Trading Up 1.3 %

MTDR opened at $51.15 on Tuesday. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The stock has a fifty day moving average price of $54.02 and a 200-day moving average price of $54.93. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 7.16 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. As a group, equities research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.44%. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Insider Buying and Selling at Matador Resources

In related news, Director Paul W. Harvey acquired 600 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $55.20 per share, with a total value of $33,120.00. Following the acquisition, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. This represents a 2.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy E. Parker bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the acquisition, the director now owns 83,790 shares of the company’s stock, valued at $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

Large investors have recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Matador Resources during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares during the period. TCTC Holdings LLC increased its stake in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Company Profile

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.