Mizuho Has Lowered Expectations for Matador Resources (NYSE:MTDR) Stock Price

Matador Resources (NYSE:MTDR) had its price target decreased by investment analysts at Mizuho from $69.00 to $67.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Mizuho’s price target suggests a potential upside of 58.88% from the stock’s previous close.

A number of other analysts have also recently commented on the company. TD Cowen upgraded Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. KeyCorp reduced their price objective on Matador Resources from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Royal Bank Of Canada upped their price objective on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group reduced their price objective on Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, William Blair initiated coverage on Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $66.36.

Matador Resources Stock Down 5.6%

MTDR stock opened at $42.17 on Friday. Matador Resources has a 1-year low of $35.19 and a 1-year high of $64.04. The business has a fifty day moving average price of $47.19 and a 200-day moving average price of $46.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The stock has a market capitalization of $5.25 billion, a P/E ratio of 6.17 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.24. The firm had revenue of $895.31 million during the quarter, compared to analysts’ expectations of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Equities analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener acquired 600 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was purchased at an average price of $48.46 per share, with a total value of $29,076.00. Following the completion of the purchase, the executive vice president directly owned 112,069 shares in the company, valued at approximately $5,430,863.74. The trade was a 0.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher P. Calvert acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of $47.77 per share, with a total value of $47,770.00. Following the purchase, the chief operating officer owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. This trade represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 11,380 shares of company stock valued at $549,188 over the last 90 days. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Matador Resources by 19.3% during the third quarter. GAMMA Investing LLC now owns 3,119 shares of the energy company’s stock valued at $140,000 after buying an additional 505 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Matador Resources by 12.9% during the second quarter. Corient Private Wealth LLC now owns 22,235 shares of the energy company’s stock valued at $1,061,000 after buying an additional 2,548 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in Matador Resources by 39.5% during the second quarter. Texas Permanent School Fund Corp now owns 132,396 shares of the energy company’s stock valued at $6,318,000 after buying an additional 37,464 shares during the last quarter. Alternative Investment Advisors LLC. boosted its stake in Matador Resources by 7.2% during the second quarter. Alternative Investment Advisors LLC. now owns 24,976 shares of the energy company’s stock valued at $1,192,000 after buying an additional 1,672 shares during the last quarter. Finally, American Trust bought a new position in Matador Resources during the second quarter valued at approximately $287,000. 91.98% of the stock is owned by institutional investors.

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.