Matador Resources (NYSE:MTDR) Price Target Cut to $86.00 by Analysts at Stephens

Matador Resources (NYSE:MTDR) had its price objective decreased by Stephens from $90.00 to $86.00 in a report issued on Tuesday,Benzinga reports. Stephens currently has an overweight rating on the energy company’s stock.

MTDR has been the topic of several other research reports. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. TD Cowen upped their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Raymond James cut their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company decreased their price target on Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.36.

Matador Resources Trading Down 0.7 %

Shares of NYSE:MTDR opened at $38.96 on Tuesday. The firm has a fifty day moving average of $49.25 and a two-hundred day moving average of $54.01. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a 12-month low of $35.19 and a 12-month high of $67.72. The firm has a market capitalization of $4.88 billion, a P/E ratio of 5.46 and a beta of 2.74.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. On average, equities analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.21%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s payout ratio is currently 17.51%.

Insider Buying and Selling at Matador Resources

In related news, CAO Robert T. Macalik acquired 1,200 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the acquisition, the chief accounting officer now owns 31,000 shares of the company’s stock, valued at $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy E. Parker acquired 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 21,350 shares of company stock valued at $1,100,769 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

Institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in shares of Matador Resources in the 4th quarter worth about $25,000. TCTC Holdings LLC lifted its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

About Matador Resources

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 through 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.