Matador Resources (NYSE:MTDR) Price Target Cut to $54.00 by Analysts at UBS Group

Matador Resources (NYSE:MTDR) had its price objective decreased by UBS Group from $56.00 to $54.00 in a report published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the energy company’s stock.

Several other research analysts have also recently weighed in on the company. Mizuho increased their price objective on Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Truist Financial reduced their target price on shares of Matador Resources from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Citigroup decreased their price target on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. BMO Capital Markets increased their price target on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Roth Capital raised Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Monday, June 22nd. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.92.

Matador Resources Price Performance

Matador Resources stock opened at $47.08 on Monday. Matador Resources has a 12 month low of $37.14 and a 12 month high of $66.84. The stock’s 50 day moving average is $52.82 and its 200-day moving average is $53.32. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 12.10 and a beta of 0.74.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. The company had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 earnings per share. Equities research analysts expect that Matador Resources will post 6.83 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, August 10th. Matador Resources’s dividend payout ratio is presently 38.56%.

Insider Buying and Selling at Matador Resources

In other news, CFO Christopher P. Calvert bought 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $53.24 per share, with a total value of $79,860.00. Following the acquisition, the chief financial officer directly owned 41,500 shares in the company, valued at $2,209,460. This represents a 3.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran bought 4,675 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of $52.36 per share, with a total value of $244,783.00. Following the completion of the transaction, the chief executive officer directly owned 6,997 shares in the company, valued at approximately $366,362.92. This represents a 201.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 11,907 shares of company stock valued at $635,712 in the last ninety days. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MTDR. Harbor Capital Advisors Inc. increased its stake in shares of Matador Resources by 184.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after purchasing an additional 20,011 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Matador Resources by 25.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,035 shares of the energy company’s stock worth $3,312,000 after buying an additional 15,859 shares during the last quarter. Peterson Wealth Services lifted its position in shares of Matador Resources by 333.7% during the 4th quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock worth $2,180,000 after buying an additional 39,516 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Matador Resources by 2.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,054,232 shares of the energy company’s stock worth $44,742,000 after buying an additional 21,630 shares during the last quarter. Finally, Morningstar Investment Management LLC acquired a new stake in Matador Resources in the first quarter valued at about $2,630,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.