Matador Resources (NYSE:MTDR) Given New $76.00 Price Target at KeyCorp

Matador Resources (NYSE:MTDR) had its price target lifted by KeyCorp from $71.00 to $76.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the energy company’s stock.

A number of other brokerages have also recently issued reports on MTDR. Mizuho boosted their price objective on shares of Matador Resources from $67.00 to $76.00 and gave the company a buy rating in a report on Monday, April 1st. Truist Financial lifted their price target on shares of Matador Resources from $82.00 to $85.00 and gave the company a buy rating in a research note on Friday, April 5th. 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. Wells Fargo & Company lifted their price target on shares of Matador Resources from $76.00 to $85.00 and gave the company an overweight rating in a research note on Thursday, April 18th. Finally, Raymond James cut their price target on shares of Matador Resources from $76.00 to $70.00 and set an outperform rating on the stock in a research note on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $73.90.

Matador Resources Stock Up 0.2 %

Shares of NYSE MTDR opened at $64.71 on Monday. The stock has a market cap of $7.73 billion, a P/E ratio of 9.18 and a beta of 3.32. The firm has a 50 day moving average price of $64.89 and a 200 day moving average price of $60.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04. Matador Resources has a 52-week low of $42.04 and a 52-week 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 analysts’ consensus estimates of $2.04 by ($0.05). The firm had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. Analysts expect that Matador Resources will post 7.14 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio is presently 11.35%.

Institutional Trading of Matador Resources

A number of institutional investors have recently made changes to their positions in the business. Raymond James & Associates lifted its position in shares of Matador Resources by 17.5% in the first quarter. Raymond James & Associates now owns 179,719 shares of the energy company’s stock worth $12,000,000 after purchasing an additional 26,804 shares in the last quarter. Wasatch Advisors LP raised its position in Matador Resources by 7.3% during the first quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock worth $78,575,000 after acquiring an additional 79,920 shares in the last quarter. State of Michigan Retirement System raised its position in Matador Resources by 2.3% during the first quarter. State of Michigan Retirement System now owns 27,200 shares of the energy company’s stock worth $1,816,000 after acquiring an additional 600 shares in the last quarter. Dash Acquisitions Inc. bought a new stake in Matador Resources during the first quarter worth $6,450,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Matador Resources by 33.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 816,445 shares of the energy company’s stock worth $54,515,000 after acquiring an additional 204,285 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

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.