Matador Resources (NYSE:MTDR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Matador Resources (NYSE:MTDR) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $75.14.

Several brokerages have recently commented on MTDR. BMO Capital Markets increased their price objective on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Morgan Stanley assumed coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target for the company. KeyCorp cut their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Stephens upped their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday.

Matador Resources Stock Performance

MTDR opened at $63.83 on Thursday. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 8.45 and a beta of 3.24. The company’s fifty day moving average price is $58.07 and its two-hundred day moving average price is $56.13. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. On average, analysts expect that Matador Resources will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of Matador Resources stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were bought at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the transaction, the chief executive officer now owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,285 shares of company stock valued at $232,849. Company insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in MTDR. MassMutual Private Wealth & Trust FSB grew its stake in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. True Wealth Design LLC bought a new position in Matador Resources in the 3rd quarter valued at $37,000. Denver PWM LLC grew its position in shares of Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after purchasing an additional 303 shares in the last quarter. Quarry LP increased its holdings in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares during the period. Finally, Avior Wealth Management LLC raised its position in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after buying an additional 635 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

About Matador Resources

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.