Matador Resources (NYSE:MTDR) was downgraded by stock analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $35.00 price target on the energy company’s stock, down from their prior price target of $42.00. SunTrust Banks’ target price indicates a potential upside of 6.51% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other research analysts also recently issued reports on MTDR. ValuEngine downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Stifel Nicolaus set a $41.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research note on Wednesday, June 6th. TheStreet lowered shares of Matador Resources from a “b” rating to a “c+” rating in a research note on Friday, June 15th. KLR Group upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $36.00 in a research note on Friday, June 29th. Finally, Imperial Capital boosted their price target on shares of Matador Resources from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Matador Resources currently has a consensus rating of “Buy” and an average target price of $37.00.

Matador Resources stock opened at $32.86 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.22. Matador Resources has a 12-month low of $24.04 and a 12-month high of $35.22. The firm has a market cap of $3.78 billion, a P/E ratio of 45.64, a P/E/G ratio of 0.89 and a beta of 1.51.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The company had revenue of $211.37 million for the quarter, compared to the consensus estimate of $185.07 million. During the same quarter in the previous year, the company earned $0.36 EPS. Matador Resources’s quarterly revenue was up 63.1% compared to the same quarter last year. equities research analysts expect that Matador Resources will post 1.46 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC bought a new stake in shares of Matador Resources in the 1st quarter worth $127,000. Cerebellum GP LLC bought a new stake in shares of Matador Resources in the 2nd quarter worth $177,000. Fortaleza Asset Management Inc. grew its stake in shares of Matador Resources by 41.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock worth $179,000 after acquiring an additional 1,740 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Matador Resources in the 1st quarter worth $205,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Matador Resources in the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 89.13% 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 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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