Shares of Matador Resources Co (NYSE:MTDR) reached a new 52-week low during trading on Thursday . The company traded as low as $21.34 and last traded at $21.76, with a volume of 1814614 shares traded. The stock had previously closed at $23.37.

A number of analysts recently commented on MTDR shares. BMO Capital Markets set a $34.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a report on Sunday, August 12th. Zacks Investment Research downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. SunTrust Banks reissued a “hold” rating and issued a $26.00 target price on shares of Matador Resources in a research report on Thursday, November 29th. Oppenheimer reissued a “buy” rating on shares of Matador Resources in a research report on Wednesday, October 31st. Finally, Cowen initiated coverage on shares of Matador Resources in a research report on Thursday, November 29th. They issued a “market perform” rating on the stock. One equities research 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’s stock. Matador Resources has a consensus rating of “Buy” and an average target price of $35.76.

The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 0.58 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.63 and a current ratio of 0.69.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The firm had revenue of $207.18 million for the quarter, compared to the consensus estimate of $208.75 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue was up 64.1% on a year-over-year basis. Sell-side analysts anticipate that Matador Resources Co will post 1.66 EPS for the current fiscal year.

In related news, Director Timothy E. Parker acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average cost of $24.93 per share, with a total value of $49,860.00. Following the completion of the transaction, the director now owns 10,172 shares of the company’s stock, valued at approximately $253,587.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David E. Lancaster acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were bought at an average cost of $21.88 per share, for a total transaction of $54,700.00. The disclosure for this purchase can be found here. Insiders have purchased 27,000 shares of company stock worth $636,231 over the last ninety days. 11.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MTDR. BlackRock Inc. grew its position in Matador Resources by 4.2% in the third quarter. BlackRock Inc. now owns 12,200,714 shares of the energy company’s stock worth $403,234,000 after acquiring an additional 493,829 shares in the last quarter. Vanguard Group Inc. grew its position in Matador Resources by 6.9% in the third quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock worth $314,992,000 after acquiring an additional 612,234 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Matador Resources by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,390,810 shares of the energy company’s stock worth $112,066,000 after acquiring an additional 244,527 shares in the last quarter. OppenheimerFunds Inc. grew its position in Matador Resources by 40.3% in the second quarter. OppenheimerFunds Inc. now owns 2,026,084 shares of the energy company’s stock worth $60,885,000 after acquiring an additional 581,649 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in Matador Resources by 13.4% in the third quarter. Glenmede Trust Co. NA now owns 1,682,448 shares of the energy company’s stock worth $55,604,000 after acquiring an additional 198,620 shares in the last quarter. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

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About Matador Resources (NYSE:MTDR)

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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