JPMorgan Chase & Co. lowered shares of Matador Resources (NYSE:MTDR) from an overweight rating to a neutral rating in a report published on Friday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $21.00 price objective on the energy company’s stock, down from their previous price objective of $27.00.

A number of other analysts have also recently commented on MTDR. MKM Partners began coverage on Matador Resources in a research report on Wednesday. They set a buy rating and a $28.00 price objective for the company. Stephens began coverage on Matador Resources in a research report on Thursday. They set a weight rating and a $29.00 price objective for the company. Zacks Investment Research upgraded Matador Resources from a hold rating to a buy rating and set a $36.00 price objective for the company in a research report on Monday, October 22nd. Cowen began coverage on Matador Resources in a research report on Thursday, November 29th. They set a market perform rating for the company. Finally, SunTrust Banks reiterated a hold rating and set a $26.00 price objective on shares of Matador Resources in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $35.76.

Shares of MTDR stock traded down $0.45 during mid-day trading on Friday, reaching $21.29. The stock had a trading volume of 2,365,417 shares, compared to its average volume of 1,673,604. Matador Resources has a 12-month low of $21.25 and a 12-month high of $35.22. The stock has a market cap of $2.53 billion, a P/E ratio of 29.57, a P/E/G ratio of 0.58 and a beta of 1.43. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.62.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The business had revenue of $207.18 million during the quarter, compared to analysts’ expectations of $208.75 million. During the same quarter last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 64.1% on a year-over-year basis. On average, sell-side analysts anticipate that Matador Resources will post 1.66 earnings per share for the current year.

In other Matador Resources news, Director Reynald Baribault purchased 1,500 shares of the stock in a transaction on Wednesday, November 28th. The stock was bought at an average price of $21.75 per share, for a total transaction of $32,625.00. Following the acquisition, the director now directly owns 26,659 shares of the company’s stock, valued at $579,833.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy E. Parker purchased 4,000 shares of the stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $24.56 per share, with a total value of $98,240.00. Following the acquisition, the director now directly owns 10,172 shares in the company, valued at $249,824.32. The disclosure for this purchase can be found here. Insiders acquired a total of 27,000 shares of company stock valued at $636,231 in the last 90 days. 11.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Matador Resources by 4.2% in the 3rd quarter. BlackRock Inc. now owns 12,200,714 shares of the energy company’s stock valued at $403,234,000 after buying an additional 493,829 shares during the period. Vanguard Group Inc. lifted its stake in shares of Matador Resources by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after purchasing an additional 612,234 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Matador Resources by 7.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,390,810 shares of the energy company’s stock valued at $112,066,000 after purchasing an additional 244,527 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Matador Resources by 40.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,026,084 shares of the energy company’s stock valued at $60,885,000 after purchasing an additional 581,649 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Matador Resources by 13.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,448 shares of the energy company’s stock valued at $55,604,000 after purchasing an additional 198,620 shares in the last quarter. Institutional investors own 87.56% of the company’s stock.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production, and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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