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.

Several large investors have recently bought and sold shares of the company. TD Asset Management Inc. lifted its stake in shares of Matador Resources by 2.5% during the second quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock worth $774,000 after buying an additional 897 shares during the period. US Bancorp DE raised its holdings in shares of Matador Resources by 11.7% during the second quarter. US Bancorp DE now owns 11,303 shares of the energy company’s stock worth $241,000 after purchasing an additional 1,184 shares during the last quarter. Connors Investor Services Inc. raised its holdings in shares of Matador Resources by 1.9% during the second quarter. Connors Investor Services Inc. now owns 76,883 shares of the energy company’s stock worth $1,643,000 after purchasing an additional 1,434 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Matador Resources by 24.0% during the second quarter. Parallel Advisors LLC now owns 8,659 shares of the energy company’s stock worth $210,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Matador Resources by 19.8% during the second quarter. Amalgamated Bank now owns 12,813 shares of the energy company’s stock worth $274,000 after purchasing an additional 2,119 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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