Matador Resources Co (NYSE:MTDR) has earned an average recommendation of “Buy” from the twenty-one analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $35.27.

A number of brokerages have recently weighed in on MTDR. ValuEngine lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research raised Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, October 22nd. Oppenheimer began coverage on Matador Resources in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $43.00 target price on the stock. TheStreet lowered Matador Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, November 6th. Finally, MKM Partners began coverage on Matador Resources in a research report on Wednesday. They set a “buy” rating and a $28.00 target price on the stock.

Shares of NYSE:MTDR traded down $0.45 during trading on Friday, reaching $21.29. 2,365,417 shares of the stock were exchanged, compared to its average volume of 1,488,266. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. Matador Resources has a 1-year low of $21.25 and a 1-year high of $35.22. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 0.63 and a beta of 1.43.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The company had revenue of $207.18 million for the quarter, compared to analyst estimates of $208.75 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Matador Resources’s revenue for the quarter was up 64.1% on a year-over-year basis. Equities research analysts anticipate that Matador Resources will post 1.66 earnings per share for the current fiscal year.

In other Matador Resources news, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction on Friday, November 16th. The stock was purchased at an average price of $24.93 per share, for a total transaction of $49,860.00. Following the purchase, the director now directly owns 10,172 shares of the company’s stock, valued at $253,587.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy E. Parker acquired 4,000 shares of Matador Resources stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $24.56 per share, with a total value of $98,240.00. Following the purchase, the director now directly owns 10,172 shares in the company, valued at $249,824.32. The disclosure for this purchase can be found here. Insiders purchased a total of 27,000 shares of company stock valued at $636,231 over the last three months. 11.10% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in MTDR. Glenmede Trust Co. NA grew its stake in Matador Resources by 180,414.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,483,828 shares of the energy company’s stock valued at $44,588,000 after purchasing an additional 1,483,006 shares during the period. BlackRock Inc. grew its stake in Matador Resources by 11.1% in the 2nd quarter. BlackRock Inc. now owns 11,706,885 shares of the energy company’s stock valued at $351,792,000 after purchasing an additional 1,170,138 shares during the period. Vanguard Group Inc. grew its stake in Matador Resources by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after purchasing an additional 612,234 shares during the period. OppenheimerFunds Inc. grew its stake in Matador Resources by 40.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,026,084 shares of the energy company’s stock valued at $60,885,000 after purchasing an additional 581,649 shares during the period. Finally, Mesirow Financial Investment Management Equity Management bought a new position in Matador Resources in the 2nd quarter valued at $11,643,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.

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.

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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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