Matador Resources’ (MTDR) “Buy” Rating Reaffirmed at Siebert Williams Shank

Share on StockTwits

Matador Resources (NYSE:MTDR)‘s stock had its “buy” rating reaffirmed by research analysts at Siebert Williams Shank in a report released on Wednesday, AnalystRatings.com reports. They currently have a $23.00 price objective on the energy company’s stock. Siebert Williams Shank’s target price points to a potential upside of 138.59% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Co lowered their price objective on shares of Matador Resources from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Zacks Investment Research upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, January 8th. Tudor Pickering cut shares of Matador Resources from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Wednesday, February 5th. Williams Capital restated a “buy” rating and set a $26.00 price objective on shares of Matador Resources in a research report on Wednesday, October 30th. Finally, ValuEngine upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.58.

Shares of Matador Resources stock traded up $0.05 on Wednesday, hitting $9.64. 7,321,678 shares of the company traded hands, compared to its average volume of 3,103,142. The firm’s 50-day simple moving average is $14.69 and its 200 day simple moving average is $15.31. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.06 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.06 and a beta of 2.26. Matador Resources has a 12-month low of $9.00 and a 12-month high of $22.25.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 25th. The energy company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.11. The firm had revenue of $288.68 million for the quarter, compared to analysts’ expectations of $253.83 million. Matador Resources had a net margin of 8.92% and a return on equity of 7.61%. During the same quarter last year, the company posted $0.37 EPS. Analysts predict that Matador Resources will post 1.41 earnings per share for the current year.

In other Matador Resources news, CAO Robert T. Macalik bought 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $13.95 per share, for a total transaction of $26,505.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.90% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Americana Partners LLC purchased a new position in Matador Resources in the 4th quarter worth $30,000. Sunbelt Securities Inc. bought a new stake in Matador Resources in the 4th quarter worth $9,533,000. First Bank & Trust grew its holdings in Matador Resources by 478.9% in the 4th quarter. First Bank & Trust now owns 3,404 shares of the energy company’s stock worth $61,000 after acquiring an additional 2,816 shares during the last quarter. Marshall Wace LLP bought a new stake in Matador Resources in the 1st quarter worth $74,000. Finally, Nisa Investment Advisors LLC grew its holdings in Matador Resources by 149.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock worth $64,000 after acquiring an additional 2,310 shares during the last quarter.

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.

Read More: What are the qualifications of a portfolio manager?

Analyst Recommendations for Matador Resources (NYSE:MTDR)

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.