Matador Resources to Issue Quarterly Dividend of $0.20 (NYSE:MTDR)

Matador Resources (NYSE:MTDR) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Friday, May 17th will be given a dividend of 0.20 per share by the energy company on Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, May 16th.

Matador Resources Stock Performance

Shares of MTDR opened at $64.73 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04. The stock has a 50 day moving average price of $64.52 and a two-hundred day moving average price of $59.86. The firm has a market capitalization of $7.74 billion, a P/E ratio of 9.18 and a beta of 3.32. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The company had revenue of $836.13 million for the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.08 earnings per share. Equities analysts forecast that Matador Resources will post 7.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Money Concepts Capital Corp lifted its position in shares of Matador Resources by 202.6% during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock worth $39,000 after acquiring an additional 462 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Matador Resources by 46.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after purchasing an additional 242 shares in the last quarter. State of Wyoming boosted its stake in Matador Resources by 35.1% in the 2nd quarter. State of Wyoming now owns 1,436 shares of the energy company’s stock worth $75,000 after purchasing an additional 373 shares during the period. International Assets Investment Management LLC grew its holdings in Matador Resources by 5,584.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,478 shares of the energy company’s stock valued at $84,000 after buying an additional 1,452 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Matador Resources during the 3rd quarter valued at about $89,000. 91.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MTDR shares. Roth Mkm reaffirmed a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. Mizuho upped their target price on Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a report on Monday, April 1st. JPMorgan Chase & Co. upped their target price on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Tuesday, March 5th. Finally, Raymond James reduced their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, January 8th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.40.

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.