SunTrust Banks, Inc. reaffirmed their buy rating on shares of Matador Resources Company (NYSE:MTDR) in a research report report published on Friday. They currently have a $32.00 price target on the energy company’s stock.

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $28.00 price target on shares of Matador Resources in a research note on Thursday, July 20th. Northland Securities set a $33.00 price target on Matador Resources and gave the stock a buy rating in a research note on Monday, July 17th. BidaskClub raised Matador Resources from a hold rating to a buy rating in a research note on Wednesday, July 19th. BMO Capital Markets set a $29.00 price target on Matador Resources and gave the stock a buy rating in a research note on Tuesday, October 10th. Finally, Imperial Capital started coverage on Matador Resources in a research note on Tuesday, July 18th. They set an outperform rating and a $32.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Matador Resources currently has an average rating of Buy and a consensus target price of $29.28.

Shares of Matador Resources (MTDR) opened at $28.25 on Friday. The firm has a market capitalization of $3,126.53, a P/E ratio of 53.39, a P/E/G ratio of 1.68 and a beta of 1.15. Matador Resources has a 12-month low of $20.13 and a 12-month high of $29.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58.

Matador Resources (NYSE:MTDR) last released its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $126.28 million during the quarter, compared to the consensus estimate of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. Matador Resources’s quarterly revenue was up 42.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. analysts expect that Matador Resources will post 0.57 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Advisor Group Inc. boosted its position in shares of Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares in the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Matador Resources by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after purchasing an additional 275 shares in the last quarter. LS Investment Advisors LLC bought a new stake in shares of Matador Resources during the second quarter valued at approximately $155,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Matador Resources during the second quarter valued at approximately $165,000. Finally, Fortaleza Asset Management Inc. bought a new stake in shares of Matador Resources during the third quarter valued at approximately $167,000. Institutional investors own 83.59% of the company’s stock.

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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