Shares of Matador Resources Company (NYSE:MTDR) have earned a consensus rating of “Buy” from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.54.

MTDR has been the subject of several recent research reports. KLR Group increased their price target on Matador Resources from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. ValuEngine cut Matador Resources from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Credit Suisse Group initiated coverage on Matador Resources in a research report on Thursday, June 1st. They set an “outperform” rating and a $34.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and set a $34.00 price target on shares of Matador Resources in a research report on Friday, June 16th. Finally, BMO Capital Markets set a $23.00 price target on Matador Resources and gave the company a “buy” rating in a research report on Monday, June 26th.

Matador Resources (MTDR) opened at 24.25 on Friday. The company has a 50 day moving average price of $22.72 and a 200-day moving average price of $23.53. Matador Resources has a 52 week low of $19.99 and a 52 week high of $28.51. The company has a market capitalization of $2.44 billion, a P/E ratio of 12.53 and a beta of 1.20.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. On average, equities analysts anticipate that Matador Resources will post $0.47 earnings per share for the current fiscal year.

In related news, Director David M. Posner acquired 4,115 shares of the stock in a transaction on Tuesday, August 8th. The shares were purchased at an average price of $24.10 per share, for a total transaction of $99,171.50. Following the purchase, the director now directly owns 6,274 shares in the company, valued at $151,203.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph Wm Foran sold 11,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.12, for a total value of $254,320.00. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. FNY Partners Fund LP raised its position in Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after buying an additional 2,000 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Matador Resources during the first quarter worth approximately $120,000. Dubuque Bank & Trust Co. bought a new position in Matador Resources during the first quarter worth approximately $162,000. Parallel Advisors LLC raised its position in Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after buying an additional 682 shares during the period. Finally, LS Investment Advisors LLC bought a new position in Matador Resources during the second quarter worth approximately $155,000. Hedge funds and other institutional investors own 86.56% 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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