Matador Resources (NYSE:MTDR) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of Matador Resources (NYSE:MTDR – Get Free Report) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $77.17.

A number of research firms recently commented on MTDR. TD Cowen lifted their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Mizuho lowered their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Wolfe Research assumed coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $84.00 in a report on Thursday, July 25th.

Get Our Latest Analysis on MTDR

Insiders Place Their Bets

In other news, CFO Brian J. Willey acquired 1,500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $50.50 per share, with a total value of $75,750.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $75,750. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Matador Resources news, CFO Brian J. Willey acquired 1,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $50.50 per share, with a total value of $75,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $75,750. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $49.97 per share, for a total transaction of $124,925.00. Following the acquisition, the chief executive officer now directly owns 40,251 shares in the company, valued at approximately $2,011,342.47. The disclosure for this purchase can be found here. Insiders bought 12,300 shares of company stock worth $634,615 over the last three months. 6.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC lifted its position in Matador Resources by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 37,532 shares of the energy company’s stock worth $2,506,000 after acquiring an additional 169 shares in the last quarter. Securian Asset Management Inc. lifted its position in shares of Matador Resources by 1.9% during the second quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock worth $552,000 after purchasing an additional 170 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Matador Resources by 3.6% in the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after purchasing an additional 198 shares during the period. Covestor Ltd grew its holdings in Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Matador Resources by 16.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 0.9 %

MTDR stock opened at $52.19 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The company’s 50 day simple moving average is $56.79 and its 200-day simple moving average is $60.89. Matador Resources has a 12 month low of $48.22 and a 12 month high of $71.08. The firm has a market capitalization of $6.51 billion, a PE ratio of 7.22 and a beta of 3.27.

Matador Resources (NYSE:MTDR – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. During the same quarter in the prior year, the firm earned $1.42 EPS. Matador Resources’s quarterly revenue was up 32.8% on a year-over-year basis. Equities analysts expect that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Matador Resources Company Profile

(Get Free Report

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.

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