Brokerages Set Matador Resources Co (NYSE:MTDR) PT at $31.58

Matador Resources Co (NYSE:MTDR) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.58.

MTDR has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Matador Resources from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $28.00 to $26.00 in a report on Friday, June 7th. MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, May 28th. Imperial Capital reiterated an “outperform” rating and set a $33.00 price target (up previously from $31.00) on shares of Matador Resources in a research report on Monday, April 1st. Wells Fargo & Co reiterated a “hold” rating on shares of Matador Resources in a research report on Wednesday, March 13th. Finally, Northland Securities reiterated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a research report on Tuesday, February 26th.

In other news, President Matthew V. Hairford bought 2,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $16.78 per share, for a total transaction of $33,560.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth L. Stewart bought 5,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was purchased at an average price of $17.76 per share, for a total transaction of $88,800.00. Following the transaction, the director now owns 37,532 shares of the company’s stock, valued at $666,568.32. The disclosure for this purchase can be found here. Insiders have acquired 13,000 shares of company stock worth $222,160 in the last quarter. 6.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its position in Matador Resources by 1,042.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock worth $29,000 after purchasing an additional 1,700 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Matador Resources by 1,453.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock worth $41,000 after purchasing an additional 593,768 shares during the period. Private Capital Group LLC boosted its position in shares of Matador Resources by 91.5% during the 1st quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock valued at $43,000 after acquiring an additional 1,071 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Matador Resources during the 1st quarter valued at about $74,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Matador Resources during the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Shares of Matador Resources stock traded down $0.15 on Tuesday, hitting $18.16. The company had a trading volume of 2,766,300 shares, compared to its average volume of 2,330,342. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.83 and a beta of 1.92. Matador Resources has a twelve month low of $13.97 and a twelve month high of $34.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.70 and a quick ratio of 0.64. The company has a 50-day simple moving average of $18.21.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $173.89 million during the quarter, compared to analyst estimates of $198.76 million. Matador Resources had a net margin of 22.37% and a return on equity of 9.57%. Matador Resources’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. As a group, equities analysts predict that Matador Resources will post 1.26 EPS for the current fiscal year.

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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