Matador Resources (NYSE:MTDR) Price Target Increased to $76.00 by Analysts at KeyCorp

Matador Resources (NYSE:MTDR) had its price objective increased by KeyCorp from $71.00 to $76.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the energy company’s stock.

A number of other research firms have also weighed in on MTDR. StockNews.com upgraded shares of Matador Resources from a sell rating to a hold rating in a research report on Thursday, February 22nd. Truist Financial increased their price target on Matador Resources from $82.00 to $85.00 and gave the company a buy rating in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on Matador Resources from $76.00 to $77.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Benchmark lowered their price target on shares of Matador Resources from $71.00 to $62.00 and set a buy rating on the stock in a research report on Thursday, January 25th. Finally, Mizuho lifted their target price on shares of Matador Resources from $67.00 to $76.00 and gave the stock a buy rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $74.10.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $65.60 on Monday. 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 firm has a fifty day moving average of $65.25 and a 200 day moving average of $60.16. The firm has a market cap of $7.84 billion, a PE ratio of 8.97 and a beta of 3.32. Matador Resources has a one year low of $42.04 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. The firm had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 21.63%. Matador Resources’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $1.50 EPS. As a group, research analysts predict that Matador Resources will post 7.3 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.

Institutional Trading of Matador Resources

Institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. raised its position in shares of Matador Resources by 5.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock worth $221,000 after acquiring an additional 195 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in Matador Resources by 1.4% during the third quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock worth $824,000 after purchasing an additional 196 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Matador Resources by 3.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock worth $414,000 after buying an additional 201 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Matador Resources by 11.4% in the 3rd quarter. Huntington National Bank now owns 2,112 shares of the energy company’s stock valued at $126,000 after buying an additional 216 shares in the last quarter. 91.98% of the stock is 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 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.