Matador Resources Co (MTDR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Matador Resources Co (NYSE:MTDR) have received a consensus recommendation of “Hold” from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.23.

MTDR has been the subject of a number of analyst reports. MKM Partners initiated coverage on shares of Matador Resources in a research report on Wednesday, December 5th. They issued a “buy” rating and a $28.00 price objective for the company. Stephens began coverage on shares of Matador Resources in a research report on Thursday, December 6th. They set a “weight” rating and a $29.00 target price for the company. JPMorgan Chase & Co. lowered shares of Matador Resources from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $27.00 to $21.00 in a research report on Friday, December 7th. Wells Fargo & Co lowered shares of Matador Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 11th. Finally, ValuEngine lowered shares of Matador Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 15th.

Shares of MTDR stock traded up $0.19 during trading hours on Thursday, reaching $18.16. The stock had a trading volume of 28,542 shares, compared to its average volume of 2,500,573. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Matador Resources has a 12 month low of $13.97 and a 12 month high of $35.22. The firm has a market capitalization of $2.26 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.85 and a beta of 1.87.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, February 26th. The energy company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. Matador Resources had a net margin of 30.48% and a return on equity of 11.24%. The company had revenue of $202.10 million during the quarter, compared to analyst estimates of $202.83 million. During the same period last year, the business earned $0.25 earnings per share. Matador Resources’s revenue was up 20.0% compared to the same quarter last year. Sell-side analysts predict that Matador Resources will post 1.22 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in MTDR. Rehmann Capital Advisory Group boosted its holdings in Matador Resources by 1,042.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock valued at $29,000 after acquiring an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Matador Resources by 64.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after acquiring an additional 1,000 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Matador Resources by 1,453.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after acquiring an additional 593,768 shares in the last quarter. NumerixS Investment Technologies Inc boosted its holdings in Matador Resources by 89.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock valued at $124,000 after acquiring an additional 3,777 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Matador Resources in the fourth quarter valued at $152,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

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 in 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.

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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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