Matador Resources (NYSE:MTDR) PT Raised to $85.00

Matador Resources (NYSE:MTDRGet Rating) had its price target upped by investment analysts at Truist Financial from $71.00 to $85.00 in a note issued to investors on Thursday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 44.12% from the stock’s previous close.

Several other brokerages have also recently issued reports on MTDR. Wells Fargo & Company increased their price objective on Matador Resources from $55.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, March 14th. Raymond James raised their price target on Matador Resources from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, March 4th. Stifel Nicolaus raised their price target on Matador Resources from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. StockNews.com lowered Matador Resources from a “buy” rating to a “hold” rating in a report on Saturday, April 9th. Finally, Royal Bank of Canada raised their price objective on Matador Resources from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, February 23rd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $55.64.

NYSE:MTDR traded up $0.85 during trading hours on Thursday, reaching $58.98. 3,438 shares of the stock were exchanged, compared to its average volume of 2,207,570. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $51.94 and a two-hundred day moving average of $45.26. Matador Resources has a twelve month low of $21.80 and a twelve month high of $59.12. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 12.01 and a beta of 4.04.

Matador Resources (NYSE:MTDRGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The energy company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.24. Matador Resources had a return on equity of 27.66% and a net margin of 35.18%. The company had revenue of $566.36 million for the quarter, compared to analysts’ expectations of $392.11 million. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, research analysts forecast that Matador Resources will post 8.92 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new position in shares of Matador Resources in the 1st quarter valued at approximately $244,000. Xponance Inc. bought a new position in Matador Resources in the 1st quarter worth approximately $344,000. Ellevest Inc. increased its position in Matador Resources by 133.0% in the 1st quarter. Ellevest Inc. now owns 6,008 shares of the energy company’s stock worth $318,000 after buying an additional 3,429 shares during the period. ML & R Wealth Management LLC bought a new stake in shares of Matador Resources during the first quarter valued at approximately $530,000. Finally, Calton & Associates Inc. bought a new stake in shares of Matador Resources during the first quarter valued at approximately $313,000. 87.40% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Company Profile (Get Rating)

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.

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