Matador Resources (NYSE:MTDR) had its price objective upped by Royal Bank of Canada to $36.00 in a report issued on Monday, The Fly reports. The brokerage presently has a “positive” rating on the energy company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 22.74% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently issued reports on MTDR. Northland Securities set a $35.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Monday, November 13th. BMO Capital Markets set a $30.00 price objective on Matador Resources and gave the company a “buy” rating in a research note on Tuesday, November 14th. Barclays upped their price objective on Matador Resources from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Mizuho set a $28.00 price target on Matador Resources and gave the stock a “hold” rating in a research report on Saturday, November 25th. Finally, Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, January 19th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.76.
Shares of Matador Resources (NYSE MTDR) opened at $29.33 on Monday. Matador Resources has a one year low of $20.13 and a one year high of $33.96. The stock has a market capitalization of $3,204.26, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.
A number of hedge funds have recently modified their holdings of MTDR. Commonwealth Equity Services grew its holdings in Matador Resources by 0.9% in the 4th quarter. Commonwealth Equity Services now owns 54,185 shares of the energy company’s stock worth $1,071,000 after buying an additional 506 shares in the last quarter. Hutchens Investment Management Inc bought a new position in Matador Resources in the 4th quarter worth approximately $1,237,000. Alta Advisers Ltd grew its holdings in Matador Resources by 7.0% in the 4th quarter. Alta Advisers Ltd now owns 128,638 shares of the energy company’s stock worth $2,543,000 after buying an additional 8,385 shares in the last quarter. Capital Fund Management S.A. grew its holdings in Matador Resources by 114.4% in the 4th quarter. Capital Fund Management S.A. now owns 102,500 shares of the energy company’s stock worth $2,026,000 after buying an additional 54,700 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Matador Resources by 8,397.2% in the 4th quarter. Neuberger Berman Group LLC now owns 1,143,050 shares of the energy company’s stock worth $22,598,000 after buying an additional 1,129,598 shares in the last quarter. 87.66% of the stock is owned by institutional investors and hedge funds.
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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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