Matador Resources Co (NYSE:MTDR) has been given an average rating of “Buy” by the nineteen ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $32.23.

Several research firms have recently commented on MTDR. Deutsche Bank began coverage on shares of Matador Resources in a research note on Thursday, February 1st. They set a “hold” rating and a $37.00 price target on the stock. Zacks Investment Research cut shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Stifel Nicolaus set a $36.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research note on Monday, January 29th. SunTrust Banks set a $40.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Mizuho raised shares of Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th.

Matador Resources (NYSE:MTDR) traded down $1.48 on Friday, hitting $27.95. 1,479,055 shares of the stock traded hands, compared to its average volume of 1,242,486. Matador Resources has a twelve month low of $20.13 and a twelve month high of $33.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58. The company has a market capitalization of $3,261.00, a PE ratio of 14.26, a P/E/G ratio of 0.76 and a beta of 1.20.

In other Matador Resources news, Director David M. Posner acquired 1,035 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings in Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after purchasing an additional 1,370,196 shares during the period. Northpointe Capital LLC raised its holdings in Matador Resources by 9.7% in the third quarter. Northpointe Capital LLC now owns 400,228 shares of the energy company’s stock worth $10,866,000 after purchasing an additional 35,248 shares during the period. TVR Capital Management LP acquired a new stake in Matador Resources in the second quarter worth $7,283,000. New York State Common Retirement Fund raised its holdings in Matador Resources by 22.5% in the third quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock worth $3,445,000 after purchasing an additional 23,274 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in Matador Resources in the third quarter worth $2,656,000. Institutional investors own 85.70% of the company’s stock.

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Matador Resources Company Profile

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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