Matador Resources (NYSE:MTDR) received a $33.00 price target from equities research analysts at Northland Securities in a research report issued on Monday. The firm currently has a “buy” rating on the energy company’s stock. Northland Securities’ price objective suggests a potential upside of 19.52% from the company’s previous close.

Several other analysts have also issued reports on the company. Royal Bank Of Canada increased their price objective on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. BMO Capital Markets set a $29.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. BidaskClub lowered Matador Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price objective on shares of Matador Resources in a report on Thursday, September 7th. Finally, Imperial Capital increased their price objective on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.88.

Shares of Matador Resources (NYSE:MTDR) traded down $0.24 during trading hours on Monday, hitting $27.61. The company had a trading volume of 2,821,700 shares, compared to its average volume of 1,546,189. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. Matador Resources has a twelve month low of $20.13 and a twelve month high of $29.76. The stock has a market capitalization of $2,994.22, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The business had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. During the same period last year, the company earned $0.06 earnings per share. Matador Resources’s quarterly revenue was up 42.3% compared to the same quarter last year. sell-side analysts anticipate that Matador Resources will post 0.63 earnings per share for the current fiscal year.

In related news, Director David M. Posner bought 1,035 shares of the business’s stock in a transaction on Monday, December 4th. The shares were bought at an average cost of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the acquisition, the director now directly owns 6,274 shares in the company, valued at $181,444.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Matador Resources in the third quarter valued at about $264,000. Dana Investment Advisors Inc. acquired a new stake in shares of Matador Resources in the third quarter valued at about $1,841,000. Sterling Capital Management LLC grew its position in shares of Matador Resources by 15.8% in the third quarter. Sterling Capital Management LLC now owns 43,474 shares of the energy company’s stock valued at $1,180,000 after purchasing an additional 5,924 shares during the last quarter. Griffin Asset Management Inc. acquired a new stake in shares of Matador Resources in the third quarter valued at about $386,000. Finally, CS Mckee LP acquired a new stake in shares of Matador Resources in the third quarter valued at about $964,000. 85.37% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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