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

Matador Resources Company (NYSE:MTDR) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $59.9167.

Several equities analysts have issued reports on the company. Mizuho raised their price objective on Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. BMO Capital Markets boosted their target price on Matador Resources from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Royal Bank Of Canada decreased their target price on Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. Finally, Morgan Stanley reduced their price objective on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd.

Matador Resources Stock Down 1.4%

Shares of NYSE:MTDR opened at $56.36 on Tuesday. The firm has a 50 day simple moving average of $47.84 and a 200-day simple moving average of $45.02. Matador Resources has a twelve month low of $35.19 and a twelve month high of $58.32. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $7.00 billion, a PE ratio of 9.24 and a beta of 1.07.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. During the same period last year, the firm posted $1.83 EPS. The company’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were given a $0.375 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.50 annualized dividend and a yield of 2.7%. Matador Resources’s dividend payout ratio is 24.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MTDR. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Matador Resources by 298.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares during the period. Kestra Investment Management LLC boosted its stake 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 worth $25,000 after buying an additional 358 shares during the period. Allworth Financial LP boosted its stake in shares of Matador Resources by 182.0% during the second 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 grew its holdings in shares of Matador Resources by 5,927.3% during the third 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 last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Matador Resources during the third quarter worth about $35,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

About Matador Resources

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.