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

Shares of Matador Resources Company (NYSE:MTDR) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $57.8182.

Several research firms have issued reports on MTDR. Royal Bank Of Canada lowered their price target on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Citigroup started coverage on shares of Matador Resources in a research report on Monday, December 8th. They set a “buy” rating and a $53.00 price objective for the company. BMO Capital Markets restated an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. Morgan Stanley decreased their price target on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th.

Matador Resources Stock Up 5.0%

Shares of NYSE MTDR opened at $52.13 on Friday. The company has a 50 day simple moving average of $43.90 and a 200 day simple moving average of $44.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. Matador Resources has a 1 year low of $35.19 and a 1 year high of $57.13. The firm has a market cap of $6.48 billion, a PE ratio of 8.33 and a beta of 1.14.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.50 annualized dividend and a yield of 2.9%. Matador Resources’s payout ratio is 23.96%.

Institutional Investors Weigh In On Matador Resources

Large investors have recently bought and sold shares of the stock. Kestra Investment Management LLC raised its holdings in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Matador Resources by 298.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after buying an additional 400 shares in the last quarter. Allworth Financial LP raised its stake in Matador Resources by 182.0% during the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares during the period. Rothschild Investment LLC raised its stake in Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Matador Resources in the third quarter worth approximately $35,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.