Matador Resources (NYSE:MTDR) Given New $87.00 Price Target at Truist Financial

Matador Resources (NYSE:MTDR) had its target price raised by Truist Financial from $85.00 to $87.00 in a research report report published on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the energy company’s stock.

MTDR has been the topic of several other research reports. TD Cowen raised their price objective on Matador Resources from $64.00 to $72.00 and gave the company an outperform rating in a report on Monday, March 4th. Mizuho raised their price objective on Matador Resources from $76.00 to $78.00 and gave the company a buy rating in a report on Wednesday. Benchmark cut their price objective on Matador Resources from $71.00 to $62.00 and set a buy rating on the stock in a report on Tuesday. Wells Fargo & Company raised their price objective on Matador Resources from $76.00 to $85.00 and gave the company an overweight rating in a report on Thursday, April 18th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $74.30.

Matador Resources Trading Up 0.0 %

Shares of MTDR stock opened at $65.61 on Friday. The stock’s fifty day moving average price is $65.38 and its two-hundred day moving average price is $60.20. The company has a market cap of $7.84 billion, a PE ratio of 8.99 and a beta of 3.32. Matador Resources has a fifty-two week low of $42.04 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.89.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same quarter last year, the business posted $1.50 EPS. Matador Resources’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities analysts predict that Matador Resources will post 7.4 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its position in Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Rise Advisors LLC bought a new stake in Matador Resources in the 1st quarter valued at about $34,000. Oakworth Capital Inc. bought a new stake in Matador Resources in the 4th quarter valued at about $31,000. Lindbrook Capital LLC increased its position in Matador Resources by 84.3% in the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after buying an additional 273 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in Matador Resources in the 4th quarter valued at about $34,000. 91.98% of the stock is owned by institutional investors.

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 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.