Matador Resources (NYSE:MTDR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Matador Resources (NYSE:MTDRGet Free Report) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $74.80.

Several research firms have commented on MTDR. KeyCorp increased their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Truist Financial increased their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Friday, April 26th. Roth Mkm restated a “buy” rating and set a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. Wells Fargo & Company boosted their target price on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Mizuho raised their price target on Matador Resources from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 13th.

Check Out Our Latest Stock Analysis on Matador Resources

Matador Resources Trading Down 2.3 %

NYSE:MTDR opened at $57.85 on Wednesday. Matador Resources has a one year low of $45.71 and a one year high of $71.08. The business has a fifty day moving average price of $64.66 and a 200-day moving average price of $60.55. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 7.92 and a beta of 3.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDRGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The business had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $740.99 million. During the same quarter in the prior year, the business posted $1.50 earnings per share. The business’s quarterly revenue was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Matador Resources will post 7.68 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. Matador Resources’s dividend payout ratio (DPR) is 10.96%.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its position in Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Rise Advisors LLC bought a new stake in Matador Resources during the first quarter valued at about $34,000. Oakworth Capital Inc. purchased a new position in Matador Resources in the fourth quarter valued at about $31,000. Finally, Lindbrook Capital LLC raised its holdings in Matador Resources by 84.3% in the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after purchasing an additional 273 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Company Profile

(Get Free Report

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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