Matador Resources (NYSE:MTDR) Receives Buy Rating from MKM Partners

MKM Partners reiterated their buy rating on shares of Matador Resources (NYSE:MTDRGet Rating) in a research note issued to investors on Wednesday morning, The Fly reports. MKM Partners currently has a $68.00 price target on the energy company’s stock.

Other research analysts have also issued reports about the company. StockNews.com lowered Matador Resources from a buy rating to a hold rating in a report on Tuesday, May 24th. KeyCorp started coverage on Matador Resources in a report on Monday. They set an overweight rating and a $72.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Matador Resources has an average rating of Moderate Buy and an average target price of $63.78.

Matador Resources Stock Down 1.8 %

NYSE:MTDR opened at $54.37 on Wednesday. Matador Resources has a 12-month low of $30.82 and a 12-month high of $67.78. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.42 billion, a P/E ratio of 6.24 and a beta of 3.64. The stock’s fifty day simple moving average is $56.18 and its 200-day simple moving average is $54.34.

Matador Resources (NYSE:MTDRGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The energy company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.31. Matador Resources had a return on equity of 43.58% and a net margin of 40.86%. The business had revenue of $943.93 million for the quarter, compared to analyst estimates of $829.21 million. During the same period last year, the company earned $1.02 EPS. Equities research analysts expect that Matador Resources will post 11.05 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 17th were given a $0.10 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. Matador Resources’s dividend payout ratio is presently 4.59%.

Hedge Funds Weigh In On Matador Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Matador Resources by 0.4% in the second quarter. CIBC Private Wealth Group LLC now owns 52,624 shares of the energy company’s stock valued at $2,452,000 after buying an additional 186 shares during the period. Arizona State Retirement System increased its holdings in shares of Matador Resources by 0.7% during the first quarter. Arizona State Retirement System now owns 31,718 shares of the energy company’s stock worth $1,680,000 after buying an additional 232 shares in the last quarter. US Bancorp DE increased its holdings in shares of Matador Resources by 2.1% during the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock worth $635,000 after buying an additional 246 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Matador Resources by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 44,229 shares of the energy company’s stock worth $2,343,000 after buying an additional 258 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Matador Resources by 3.5% during the first quarter. Verdence Capital Advisors LLC now owns 7,846 shares of the energy company’s stock worth $416,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.

About Matador Resources

(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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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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