Truist Financial Boosts Matador Resources (NYSE:MTDR) Price Target to $87.00

Matador Resources (NYSE:MTDR) had its price target hoisted by investment analysts at Truist Financial from $85.00 to $87.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. Truist Financial’s price objective would indicate a potential upside of 32.60% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Roth Mkm reissued a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a research note on Monday, March 25th. Raymond James lowered their price target on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Mizuho boosted their price target on Matador Resources from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen boosted their price target on Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price target on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.30.

Matador Resources Trading Up 0.0 %

NYSE:MTDR opened at $65.61 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.98. Matador Resources has a fifty-two week low of $42.04 and a fifty-two week high of $71.08. The stock’s 50-day moving average is $65.50 and its two-hundred day moving average is $60.24. The stock has a market cap of $7.84 billion, a PE ratio of 8.99 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. During the same quarter in the previous year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities research analysts forecast that Matador Resources will post 7.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. acquired a new position in shares of Matador Resources during the fourth quarter worth approximately $31,000. Financial Management Professionals Inc. acquired a new position in shares of Matador Resources during the fourth quarter worth approximately $34,000. Rise Advisors LLC acquired a new position in shares of Matador Resources during the first quarter worth approximately $34,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Matador Resources during the fourth quarter worth approximately $35,000. Institutional investors own 91.98% 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 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.