Matador Resources Co (NYSE:MTDR) Receives Consensus Rating of “Buy” from Brokerages

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Matador Resources Co (NYSE:MTDR) has earned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $25.27.

A number of analysts have weighed in on MTDR shares. ValuEngine raised Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Stifel Nicolaus set a $22.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Monday, September 30th. Williams Capital restated a “buy” rating and issued a $26.00 target price on shares of Matador Resources in a research note on Wednesday, October 30th. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $22.00 in a report on Friday, October 4th. Finally, Wells Fargo & Co reduced their price objective on Matador Resources from $29.00 to $28.00 and set a “market perform” rating on the stock in a report on Tuesday, November 12th.

Shares of MTDR stock opened at $14.93 on Tuesday. The company has a market capitalization of $1.73 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 1.92 and a beta of 2.05. The firm has a fifty day simple moving average of $14.38 and a 200-day simple moving average of $16.10. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Matador Resources has a twelve month low of $12.16 and a twelve month high of $22.25.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 29th. The energy company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Matador Resources had a return on equity of 7.51% and a net margin of 20.35%. The firm had revenue of $279.40 million for the quarter, compared to analysts’ expectations of $227.69 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts predict that Matador Resources will post 1.07 EPS for the current year.

In related news, CAO Robert T. Macalik purchased 1,900 shares of Matador Resources stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $13.95 per share, for a total transaction of $26,505.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Wm Foran acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $13.90 per share, with a total value of $139,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,250 shares of company stock worth $468,854. 6.90% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY raised its position in shares of Matador Resources by 4.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 64,252 shares of the energy company’s stock valued at $1,062,000 after buying an additional 2,832 shares in the last quarter. Barclays PLC increased its holdings in shares of Matador Resources by 72.4% in the 3rd quarter. Barclays PLC now owns 454,973 shares of the energy company’s stock valued at $7,521,000 after acquiring an additional 191,063 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Matador Resources by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 173,054 shares of the energy company’s stock valued at $2,861,000 after buying an additional 2,066 shares in the last quarter. Virtu Financial LLC purchased a new position in Matador Resources in the third quarter worth $587,000. Finally, State Street Corp increased its position in Matador Resources by 5.2% during the 3rd quarter. State Street Corp now owns 5,832,042 shares of the energy company’s stock valued at $96,404,000 after buying an additional 288,152 shares in the last quarter. Institutional investors own 95.15% of the company’s stock.

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 in 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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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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