Matador Resources Co (MTDR) Given Average Rating of “Buy” by Brokerages
Shares of Matador Resources Co (NYSE:MTDR) have received a consensus rating of “Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.13.
A number of equities analysts have recently issued reports on the stock. Barclays set a $25.00 price objective on shares of Matador Resources and gave the company a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. SunTrust Banks reiterated a “buy” rating and set a $32.00 price objective on shares of Matador Resources in a research note on Friday, November 10th. Royal Bank of Canada increased their price objective on shares of Matador Resources from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Finally, Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Monday.
In related news, Director David M. Posner acquired 1,035 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the purchase, the director now owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. 11.90% of the stock is owned by company insiders.
Matador Resources (NYSE:MTDR) traded down $0.28 during midday trading on Friday, hitting $26.97. 927,300 shares of the stock were exchanged, compared to its average volume of 1,541,641. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. Matador Resources has a 1 year low of $20.13 and a 1 year high of $29.76. The company has a market capitalization of $2,955.18, a P/E ratio of 50.46, a PEG ratio of 1.34 and a beta of 1.16.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. During the same period last year, the firm earned $0.06 earnings per share. The company’s quarterly revenue was up 42.3% on a year-over-year basis. equities research analysts expect that Matador Resources will post 0.63 earnings per share for the current year.
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About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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