Shares of Matador Resources Co (NYSE:MTDR) have received an average rating of “Buy” from the eighteen research firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.90.

A number of brokerages recently weighed in on MTDR. Zacks Investment Research downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Scotiabank set a $31.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research report on Friday, February 17th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price objective (up previously from $31.00) on shares of Matador Resources in a research report on Friday, February 3rd. Stifel Nicolaus increased their price objective on shares of Matador Resources from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, TheStreet upgraded shares of Matador Resources from a “d” rating to a “c” rating in a research report on Wednesday, February 22nd.

In other news, Director Kenneth L. Stewart acquired 10,000 shares of Matador Resources stock in a transaction dated Tuesday, February 28th. The stock was purchased at an average cost of $24.23 per share, with a total value of $242,300.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $242,300. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julia P. Forrester acquired 1,255 shares of Matador Resources stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $23.96 per share, with a total value of $30,069.80. Following the completion of the purchase, the director now owns 3,399 shares of the company’s stock, valued at $81,440.04. The disclosure for this purchase can be found here. 12.70% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. HL Financial Services LLC boosted its stake in shares of Matador Resources by 0.5% in the first quarter. HL Financial Services LLC now owns 17,767 shares of the energy company’s stock worth $423,000 after buying an additional 87 shares during the period. ZWJ Investment Counsel Inc. boosted its stake in shares of Matador Resources by 1.1% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 21,103 shares of the energy company’s stock worth $544,000 after buying an additional 230 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Matador Resources by 0.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 47,561 shares of the energy company’s stock worth $1,225,000 after buying an additional 310 shares during the period. Comerica Bank boosted its stake in shares of Matador Resources by 5.3% in the first quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock worth $202,000 after buying an additional 461 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Matador Resources by 5.0% in the first quarter. Amalgamated Bank now owns 10,694 shares of the energy company’s stock worth $254,000 after buying an additional 506 shares during the period. 81.51% of the stock is owned by hedge funds and other institutional investors.

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Matador Resources (NYSE:MTDR) opened at 23.89 on Monday. The company has a market cap of $2.39 billion, a PE ratio of 42.06 and a beta of 1.27. The firm’s 50 day moving average is $22.97 and its 200 day moving average is $24.46. Matador Resources has a 52-week low of $18.56 and a 52-week high of $28.51.

Matador Resources Company Profile

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.

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