BMO Capital Markets Reiterates “$29.00” Price Target for Matador Resources Company (MTDR)
Matador Resources Company (NYSE:MTDR) has been given a $29.00 target price by analysts at BMO Capital Markets in a research report issued on Tuesday. The firm presently has a “buy” rating on the energy company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 12.71% from the stock’s current price.
A number of other brokerages also recently issued reports on MTDR. Bank of America Corporation initiated coverage on Matador Resources in a report on Wednesday, July 19th. They set a “neutral” rating and a $26.00 price target on the stock. Royal Bank Of Canada set a $29.00 price target on Matador Resources and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Imperial Capital initiated coverage on Matador Resources in a report on Tuesday, July 18th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Mizuho reiterated a “hold” rating and set a $24.00 target price on shares of Matador Resources in a report on Friday, September 29th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.67.
Shares of Matador Resources (NYSE MTDR) opened at 25.73 on Tuesday. Matador Resources has a 1-year low of $20.13 and a 1-year high of $28.51. The company’s 50-day moving average price is $24.91 and its 200 day moving average price is $23.39. The firm has a market cap of $2.58 billion, a PE ratio of 13.30 and a beta of 1.26.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The company had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. During the same quarter in the previous year, the business earned ($0.01) EPS. Matador Resources’s revenue was up 65.1% compared to the same quarter last year. On average, analysts predict that Matador Resources will post $0.49 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/10/matador-resources-company-mtdr-given-buy-rating-at-bmo-capital-markets.html.
In other Matador Resources news, Director David M. Posner acquired 4,115 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $24.10 per share, with a total value of $99,171.50. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of Matador Resources by 26.2% during the 1st quarter. US Bancorp DE now owns 10,119 shares of the energy company’s stock valued at $241,000 after buying an additional 2,099 shares during the period. Comerica Bank lifted its holdings in shares of Matador Resources by 5.3% during the 1st quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock valued at $202,000 after buying an additional 461 shares during the period. Karp Capital Management Corp bought a new position in shares of Matador Resources during the 1st quarter valued at $427,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Matador Resources by 0.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 115,469 shares of the energy company’s stock valued at $2,747,000 after buying an additional 1,020 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Matador Resources during the 1st quarter valued at $178,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.
About Matador Resources
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.
Receive News & Ratings for Matador Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources Company and related companies with MarketBeat.com's FREE daily email newsletter.