Analysts Set Matador Resources Company (NYSE:MTDR) PT at $64.08

Shares of Matador Resources Company (NYSE:MTDR) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $64.0769.

A number of brokerages have commented on MTDR. Wells Fargo & Company increased their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. BMO Capital Markets boosted their target price on shares of Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Roth Capital upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, June 22nd. Mizuho increased their price target on shares of Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, UBS Group lowered their price target on shares of Matador Resources from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday.

Insider Buying and Selling at Matador Resources

In other news, CFO Christopher P. Calvert acquired 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the transaction, the chief financial officer owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This represents a 3.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Glenn W. Stetson bought 500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $53.41 per share, with a total value of $26,705.00. Following the transaction, the chief operating officer owned 95,470 shares of the company’s stock, valued at $5,099,052.70. The trade was a 0.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 11,907 shares of company stock worth $635,712. Insiders own 5.90% of the company’s stock.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Matador Resources in the 1st quarter valued at about $27,000. Kestra Investment Management LLC grew its position 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 worth $25,000 after buying an additional 358 shares during the period. Center for Financial Planning Inc. bought a new stake in shares of Matador Resources during the first quarter worth approximately $41,000. Altshuler Shaham Ltd raised its stake in shares of Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after buying an additional 201 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Matador Resources in the third quarter valued at approximately $35,000. 91.98% of the stock is owned by institutional investors.

Matador Resources Price Performance

Matador Resources stock opened at $55.06 on Monday. The business’s fifty day moving average is $53.41 and its two-hundred day moving average is $53.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The firm has a market cap of $6.84 billion, a P/E ratio of 14.15 and a beta of 0.74. Matador Resources has a 52 week low of $37.14 and a 52 week high of $66.84.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same period last year, the company posted $1.99 earnings per share. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. Equities research analysts forecast that Matador Resources will post 6.84 earnings per share for the current fiscal year.

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.