Stifel Nicolaus set a $24.00 price target on Matador Resources (NYSE:MTDR) in a research report sent to investors on Monday, TipRanks reports. The firm currently has a buy rating on the energy company’s stock.
MTDR has been the subject of several other reports. Wells Fargo & Co set a $33.00 target price on shares of Matador Resources and gave the company a hold rating in a research report on Thursday, July 11th. ValuEngine upgraded shares of Matador Resources from a strong sell rating to a sell rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Matador Resources from a neutral rating to an overweight rating and cut their target price for the company from $28.00 to $26.00 in a research report on Friday, June 7th. Stephens raised shares of Matador Resources from an equal weight rating to an overweight rating and lifted their price target for the company from $22.00 to $24.00 in a report on Tuesday, July 23rd. Finally, MKM Partners raised shares of Matador Resources from a neutral rating to a buy rating and set a $22.00 price target on the stock in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Matador Resources has a consensus rating of Buy and an average price target of $31.00.
Shares of NYSE MTDR opened at $13.73 on Monday. The firm has a 50 day moving average of $17.53 and a 200 day moving average of $18.47. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.96. Matador Resources has a 12-month low of $13.42 and a 12-month high of $34.90.
Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.11. The company had revenue of $241.70 million during the quarter, compared to analyst estimates of $210.42 million. Matador Resources had a net margin of 19.10% and a return on equity of 8.71%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. Sell-side analysts predict that Matador Resources will post 1.12 EPS for the current year.
In related news, Chairman Joseph Wm Foran bought 8,000 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $15.05 per share, with a total value of $120,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth L. Stewart bought 5,000 shares of the stock in a transaction dated Friday, May 24th. The stock was bought at an average cost of $17.76 per share, for a total transaction of $88,800.00. Following the acquisition, the director now directly owns 37,532 shares of the company’s stock, valued at approximately $666,568.32. The disclosure for this purchase can be found here. Insiders have acquired 36,150 shares of company stock worth $563,568 in the last ninety days. Insiders own 6.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Matador Resources by 4.6% in the second quarter. Vanguard Group Inc. now owns 10,308,531 shares of the energy company’s stock worth $204,934,000 after buying an additional 451,000 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Matador Resources by 2.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,803,496 shares of the energy company’s stock worth $95,494,000 after buying an additional 114,100 shares in the last quarter. Beck Mack & Oliver LLC lifted its holdings in shares of Matador Resources by 1.4% in the first quarter. Beck Mack & Oliver LLC now owns 4,156,276 shares of the energy company’s stock worth $80,341,000 after buying an additional 58,909 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Matador Resources by 236.5% in the second quarter. Invesco Ltd. now owns 3,362,728 shares of the energy company’s stock worth $66,850,000 after buying an additional 2,363,259 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Matador Resources by 6,195.1% in the second quarter. Nuveen Asset Management LLC now owns 3,321,049 shares of the energy company’s stock worth $66,022,000 after buying an additional 3,268,293 shares in the last quarter. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Article: What is included in the gross domestic product?
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.