Matador Resources Company (NYSE:MTDR) received a $33.00 target price from stock analysts at Northland Securities in a note issued to investors on Monday. The firm currently has a “buy” rating on the energy company’s stock. Northland Securities’ target price suggests a potential upside of 43.73% from the stock’s previous close.

MTDR has been the topic of several other reports. FBR & Co set a $32.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, March 27th. Credit Suisse Group initiated coverage on shares of Matador Resources in a report on Thursday, June 1st. They set an “outperform” rating and a $34.00 target price on the stock. BMO Capital Markets set a $23.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday, June 26th. J P Morgan Chase & Co reduced their target price on shares of Matador Resources from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, March 22nd. Finally, KLR Group boosted their target price on shares of Matador Resources from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.86.

Matador Resources (NYSE:MTDR) traded up 0.88% during mid-day trading on Monday, hitting $22.96. 1,182,682 shares of the stock traded hands. The company has a 50 day moving average price of $22.64 and a 200-day moving average price of $24.04. Matador Resources has a one year low of $18.56 and a one year high of $28.51. The stock has a market capitalization of $2.30 billion, a PE ratio of 40.42 and a beta of 1.18.

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In related news, Director Julia P. Forrester bought 1,255 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average price of $23.96 per share, for a total transaction of $30,069.80. Following the transaction, the director now directly owns 3,399 shares of the company’s stock, valued at $81,440.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joseph Wm Foran sold 11,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $23.12, for a total transaction of $254,320.00. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. Vanguard Group Inc. increased its position in Matador Resources by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,060,863 shares of the energy company’s stock worth $167,978,000 after buying an additional 68,425 shares during the last quarter. BlackRock Inc. increased its position in Matador Resources by 46,974.5% in the first quarter. BlackRock Inc. now owns 6,619,149 shares of the energy company’s stock worth $157,472,000 after buying an additional 6,605,088 shares during the last quarter. Beck Mack & Oliver LLC increased its position in Matador Resources by 14.7% in the first quarter. Beck Mack & Oliver LLC now owns 3,979,593 shares of the energy company’s stock worth $94,675,000 after buying an additional 509,762 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Matador Resources by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 3,758,388 shares of the energy company’s stock worth $89,412,000 after buying an additional 41,261 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Matador Resources by 31.3% in the fourth quarter. Teachers Advisors LLC now owns 3,519,156 shares of the energy company’s stock worth $90,653,000 after buying an additional 839,913 shares during the last quarter. Institutional investors own 86.66% of the company’s stock.

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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