Matador Resources Company (MTDR) Given a $25.00 Price Target at Barclays PLC
Matador Resources Company (NYSE:MTDR) has been given a $25.00 target price by equities researchers at Barclays PLC in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the energy company’s stock. Barclays PLC’s target price points to a potential downside of 3.85% from the company’s previous close.
A number of other brokerages also recently commented on MTDR. Bank of America Corporation started coverage on shares of Matador Resources in a research report on Wednesday, July 19th. They set a “neutral” rating and a $26.00 price objective on the stock. BMO Capital Markets set a $29.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada set a $29.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Imperial Capital started coverage on shares of Matador Resources in a research report on Tuesday, July 18th. They set an “outperform” rating and a $32.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.67.
Shares of Matador Resources (NYSE MTDR) traded up 1.05% during mid-day trading on Wednesday, reaching $26.00. 1,120,091 shares of the company were exchanged. The company’s 50 day moving average price is $24.91 and its 200 day moving average price is $23.39. Matador Resources has a 12 month low of $20.13 and a 12 month high of $28.51. The firm has a market capitalization of $2.61 billion, a PE ratio of 13.44 and a beta of 1.26.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The firm had revenue of $115.90 million for the quarter, compared to the consensus estimate of $112.21 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 65.1% on a year-over-year basis. Equities analysts anticipate that Matador Resources will post $0.50 earnings per share for the current year.
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In other news, Director David M. Posner acquired 4,115 shares of Matador Resources stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the completion of the purchase, the director now owns 6,274 shares of the company’s stock, valued at $151,203.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of MTDR. US Bancorp DE lifted its stake in shares of Matador Resources by 26.2% in the first quarter. US Bancorp DE now owns 10,119 shares of the energy company’s stock worth $241,000 after buying an additional 2,099 shares during the last quarter. Comerica Bank lifted 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 last quarter. Karp Capital Management Corp acquired a new stake in shares of Matador Resources in the first quarter worth $427,000. Parametric Portfolio Associates LLC lifted its stake in shares of Matador Resources by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 115,469 shares of the energy company’s stock worth $2,747,000 after buying an additional 1,020 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Matador Resources in the first quarter worth $178,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
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.
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