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

Matador Resources (NYSE:MTDR) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $75.14.

Several brokerages have recently weighed in on MTDR. Mizuho lowered their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Truist Financial boosted their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp dropped their target price on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Stephens upped their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd.

Matador Resources Stock Up 1.1 %

Shares of NYSE:MTDR opened at $63.45 on Thursday. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a market cap of $7.92 billion, a P/E ratio of 8.40 and a beta of 3.24. The firm has a fifty day moving average price of $57.53 and a 200 day moving average price of $56.03.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. Sell-side analysts predict that Matador Resources will post 7.49 EPS for the current year.

Insider Activity

In other news, EVP William Thomas Elsener bought 800 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $56.60 per share, with a total value of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares of the company’s stock, valued at $5,827,762.40. This represents a 0.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction on Friday, December 6th. The shares were purchased at an average cost of $55.18 per share, with a total value of $110,360.00. Following the transaction, the chief executive officer now owns 42,251 shares of the company’s stock, valued at $2,331,410.18. This trade represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 4,285 shares of company stock valued at $232,849 over the last quarter. Company insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

Several large investors have recently added to or reduced their stakes in MTDR. True Wealth Design LLC acquired a new stake in shares of Matador Resources in the third quarter valued at about $37,000. Denver PWM LLC grew its position in Matador Resources by 67.2% in the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after acquiring an additional 303 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares in the last quarter. Quarry LP boosted its stake in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares during the period. Finally, Covestor Ltd increased its stake in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after buying an additional 644 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Company Profile

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.