Analysts Set Matador Resources (NYSE:MTDR) PT at $75.14

Shares of Matador Resources (NYSE:MTDR) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.14.

A number of research analysts have recently commented on MTDR shares. Wells Fargo & Company increased their target price on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Morgan Stanley initiated coverage on shares of Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Finally, Stephens lifted their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Insider Buying and Selling

In related news, Director Timothy E. Parker acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $44.67 per share, with a total value of $89,340.00. Following the acquisition, the director now directly owns 83,790 shares in the company, valued at $3,742,899.30. This represents a 2.45 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert T. Macalik bought 1,200 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the purchase, the chief accounting officer now directly owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 21,530 shares of company stock valued at $1,119,092 over the last quarter. 6.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in shares of Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock valued at $54,122,000 after purchasing an additional 107,827 shares during the period. Loomis Sayles & Co. L P increased its holdings in Matador Resources by 16.8% in the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock valued at $22,519,000 after buying an additional 65,487 shares in the last quarter. Stifel Financial Corp raised its position in shares of Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after acquiring an additional 13,583 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Matador Resources by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock worth $8,088,000 after acquiring an additional 20,172 shares in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Matador Resources during the 3rd quarter valued at about $10,526,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 1.1 %

Shares of MTDR stock opened at $45.27 on Friday. The company’s fifty day simple moving average is $57.21 and its two-hundred day simple moving average is $55.34. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08. The stock has a market cap of $5.67 billion, a P/E ratio of 6.34 and a beta of 3.17. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last posted 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). The firm had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. The ex-dividend date is 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 dividend yield of 2.76%. Matador Resources’s dividend payout ratio is currently 17.51%.

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.