Johnson Rice lowered shares of Matador Resources (NYSE:MTDR) from a buy rating to an accumulate rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Johnson Rice currently has $38.00 target price on the energy company’s stock.

Other equities analysts also recently issued reports about the stock. TheStreet upgraded shares of Matador Resources from a c+ rating to a b rating in a report on Tuesday, July 17th. Northland Securities set a $39.00 target price on shares of Matador Resources and gave the company a buy rating in a report on Friday, August 3rd. Imperial Capital set a $43.00 target price on shares of Matador Resources and gave the company a buy rating in a report on Thursday, May 24th. BMO Capital Markets set a $34.00 target price on shares of Matador Resources and gave the company a buy rating in a report on Sunday, August 12th. Finally, Raymond James restated a buy rating and set a $43.00 target price on shares of Matador Resources in a report on Sunday, August 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Matador Resources presently has an average rating of Buy and an average price target of $37.29.

NYSE:MTDR opened at $30.59 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.34. Matador Resources has a twelve month low of $22.52 and a twelve month high of $35.22. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 42.49, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The firm had revenue of $211.37 million during the quarter, compared to the consensus estimate of $185.07 million. During the same period last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. research analysts forecast that Matador Resources will post 1.48 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. Liberty Mutual Group Asset Management Inc. lifted its position in Matador Resources by 8.4% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 20,604 shares of the energy company’s stock valued at $619,000 after buying an additional 1,595 shares in the last quarter. Fortaleza Asset Management Inc. lifted its position in Matador Resources by 41.2% during the second quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock valued at $179,000 after buying an additional 1,740 shares in the last quarter. Swiss National Bank lifted its position in Matador Resources by 1.1% during the first quarter. Swiss National Bank now owns 170,002 shares of the energy company’s stock valued at $5,085,000 after buying an additional 1,800 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Matador Resources by 3.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 58,565 shares of the energy company’s stock valued at $1,760,000 after buying an additional 1,811 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Matador Resources by 23.2% during the second quarter. Pinnacle Associates Ltd. now owns 10,100 shares of the energy company’s stock valued at $304,000 after buying an additional 1,900 shares in the last quarter. 82.61% of the stock is currently owned by institutional investors and hedge funds.

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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