Matador Resources Company (NYSE:MTDR) Receives $57.82 Consensus PT from Brokerages

Matador Resources Company (NYSE:MTDR) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $57.8182.

A number of research analysts have recently commented on MTDR shares. BMO Capital Markets restated an “outperform” rating on shares of Matador Resources in a research report on Thursday, December 18th. KeyCorp restated an “overweight” rating on shares of Matador Resources in a research report on Friday, December 19th. Bank of America decreased their target price on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Citigroup initiated coverage on Matador Resources in a research report on Monday, December 8th. They set a “buy” rating and a $53.00 price target for the company. Finally, Wells Fargo & Company lowered Matador Resources from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $61.00 to $47.00 in a report on Tuesday, January 27th.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $52.37 on Friday. The company has a 50 day moving average of $44.06 and a 200 day moving average of $44.30. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. The stock has a market cap of $6.51 billion, a P/E ratio of 8.37 and a beta of 1.14. Matador Resources has a 12 month low of $35.19 and a 12 month high of $56.21.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.9%. Matador Resources’s dividend payout ratio is presently 23.96%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Matador Resources by 298.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. Kestra Investment Management LLC raised its holdings in shares of Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after buying an additional 358 shares in the last quarter. Allworth Financial LP lifted its position in Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the last quarter. Rothschild Investment LLC lifted its position in Matador Resources by 5,927.3% in the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Matador Resources in the third quarter worth approximately $35,000. Institutional investors own 91.98% of the company’s stock.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.