Matador Resources (NYSE:MTDR) received a $40.00 target price from analysts at Stephens in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the energy company’s stock. Stephens’ target price points to a potential upside of 33.24% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Mizuho set a $28.00 price objective on shares of Matador Resources and gave the stock a “hold” rating in a research report on Saturday, November 25th. Imperial Capital increased their price objective on shares of Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Royal Bank of Canada increased their price objective on shares of Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Northland Securities set a $35.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Barclays increased their price objective on shares of Matador Resources from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.71.
Shares of Matador Resources (NYSE:MTDR) traded up $0.88 on Friday, reaching $30.02. 1,358,672 shares of the company’s stock were exchanged, compared to its average volume of 1,186,374. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3,160.15, a PE ratio of 24.61, a P/E/G ratio of 0.69 and a beta of 1.20. Matador Resources has a twelve month low of $20.13 and a twelve month high of $33.96.
In other Matador Resources news, Director David M. Posner bought 1,035 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average price of $28.92 per share, for a total transaction of $29,932.20. Following the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MTDR. Advisor Group Inc. increased its stake in Matador Resources by 164.4% in the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after buying an additional 2,727 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Matador Resources in the 3rd quarter valued at about $167,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after buying an additional 1,617 shares during the last quarter. Strs Ohio increased its stake in Matador Resources by 125.9% in the 4th quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after buying an additional 3,400 shares during the last quarter. Finally, Creative Planning purchased a new stake in Matador Resources in the 4th quarter valued at about $201,000. Institutional investors own 85.50% of the company’s stock.
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About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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