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

Shares of Matador Resources Company (NYSE:MTDR) have received an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $59.0909.

A number of equities research analysts recently weighed in on MTDR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. Citigroup began coverage on shares of Matador Resources in a research report on Monday, December 8th. They set a “buy” rating and a $53.00 target price on the stock. Mizuho boosted their price target on Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Bank of America dropped their price objective on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $55.00 price objective (down from $63.00) on shares of Matador Resources in a report on Monday, October 20th.

Matador Resources Stock Down 0.5%

NYSE:MTDR opened at $42.94 on Monday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 6.86 and a beta of 1.09. Matador Resources has a twelve month low of $35.19 and a twelve month high of $62.59. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $42.48 and a 200-day simple moving average of $44.82.

Insider Activity

In other Matador Resources news, Director Susan M. Ward bought 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $39.04 per share, with a total value of $195,200.00. Following the transaction, the director owned 14,923 shares of the company’s stock, valued at approximately $582,593.92. This trade represents a 50.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert T. Macalik purchased 1,500 shares of the stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $38.25 per share, with a total value of $57,375.00. Following the transaction, the executive vice president directly owned 35,039 shares in the company, valued at approximately $1,340,241.75. This trade represents a 4.47% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 37,346 shares of company stock valued at $1,463,396. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

Several institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. increased its position in Matador Resources by 64.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock valued at $49,459,000 after buying an additional 431,010 shares in the last quarter. LSV Asset Management boosted its holdings in Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock worth $159,135,000 after acquiring an additional 1,045,396 shares in the last quarter. Thomist Capital Management LP purchased a new stake in shares of Matador Resources during the second quarter worth about $4,289,000. American Century Companies Inc. increased its holdings in shares of Matador Resources by 7.4% during the second quarter. American Century Companies Inc. now owns 719,945 shares of the energy company’s stock valued at $34,356,000 after acquiring an additional 49,672 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Matador Resources by 432.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 54,363 shares of the energy company’s stock valued at $2,594,000 after acquiring an additional 44,156 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.