Matador Resources (NYSE:MTDR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Matador Resources (NYSE:MTDR) have been given a consensus recommendation of “Buy” by the ten research firms that are covering the company, Marketbeat reports. Ten analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $72.50.

A number of research analysts have issued reports on the company. StockNews.com upgraded Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Truist Financial boosted their price target on Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Benchmark lowered their price objective on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. KeyCorp cut their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a research note on Monday, March 25th.

Institutional Investors Weigh In On Matador Resources

Several large investors have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its position in Matador Resources by 5.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock worth $221,000 after buying an additional 195 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Matador Resources by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 13,851 shares of the energy company’s stock worth $824,000 after purchasing an additional 196 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of Matador Resources by 2.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock worth $396,000 after acquiring an additional 197 shares during the period. Parkside Financial Bank & Trust grew its stake in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in Matador Resources by 3.0% during the third quarter. Verdence Capital Advisors LLC now owns 6,964 shares of the energy company’s stock worth $414,000 after acquiring an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

NYSE:MTDR opened at $67.60 on Tuesday. The stock has a market capitalization of $8.08 billion, a PE ratio of 9.59 and a beta of 3.32. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $63.85 and a 200 day simple moving average of $59.73. Matador Resources has a 1-year low of $42.04 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.05). The company had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $2.08 earnings per share. On average, research analysts expect that Matador Resources will post 6.87 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s dividend payout ratio is presently 11.35%.

Matador Resources Company Profile

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.