Matador Resources (NYSE:MTDR) Rating Reiterated by MKM Partners

Matador Resources (NYSE:MTDRGet Rating)‘s stock had its “buy” rating reiterated by analysts at MKM Partners in a report released on Wednesday, The Fly reports. They presently have a $68.00 target price on the energy company’s stock. MKM Partners’ price target would indicate a potential upside of 26.61% from the company’s current price.

Several other research firms have also commented on MTDR. KeyCorp initiated coverage on shares of Matador Resources in a research note on Monday. They set an “overweight” rating and a $72.00 target price for the company. StockNews.com downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.78.

Matador Resources Stock Down 1.2 %

MTDR stock opened at $53.71 on Wednesday. Matador Resources has a 12 month low of $32.26 and a 12 month high of $67.78. The firm has a market cap of $6.34 billion, a PE ratio of 6.17 and a beta of 3.64. The firm has a 50 day simple moving average of $56.39 and a 200 day simple moving average of $54.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.31 and a quick ratio of 1.29.

Matador Resources (NYSE:MTDRGet Rating) last released its earnings results on Tuesday, July 26th. The energy company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.16 by $0.31. Matador Resources had a net margin of 40.86% and a return on equity of 43.58%. The business had revenue of $943.93 million during the quarter, compared to analyst estimates of $829.21 million. During the same period in the prior year, the business earned $1.02 earnings per share. Equities research analysts forecast that Matador Resources will post 11.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Matador Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC increased its stake in shares of Matador Resources by 17.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,013 shares of the energy company’s stock worth $222,000 after purchasing an additional 891 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Matador Resources by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,952,418 shares of the energy company’s stock worth $72,083,000 after purchasing an additional 15,560 shares during the last quarter. Invesco Ltd. increased its stake in shares of Matador Resources by 61.2% during the 4th quarter. Invesco Ltd. now owns 2,387,811 shares of the energy company’s stock worth $88,158,000 after purchasing an additional 906,304 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Matador Resources by 5,963.2% during the 4th quarter. Schroder Investment Management Group now owns 430,486 shares of the energy company’s stock worth $15,893,000 after purchasing an additional 423,386 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Matador Resources by 64.9% during the 4th quarter. Barclays PLC now owns 145,620 shares of the energy company’s stock worth $5,377,000 after purchasing an additional 57,322 shares during the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Matador Resources Company Profile

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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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