Matador Resources (NYSE:MTDR)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Wednesday. They currently have a $30.00 price objective on the energy company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 3.95% from the company’s previous close.
MTDR has been the subject of several other reports. SunTrust Banks set a $40.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank assumed coverage on Matador Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $37.00 target price for the company. Mizuho upgraded Matador Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Stifel Nicolaus set a $36.00 price objective on Matador Resources and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, January 19th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.76.
Shares of Matador Resources (NYSE MTDR) traded down $0.06 during midday trading on Wednesday, hitting $28.86. The stock had a trading volume of 598,684 shares, compared to its average volume of 1,226,311. The stock has a market capitalization of $3,203.17, a PE ratio of 23.66, a PEG ratio of 0.83 and a beta of 1.29. Matador Resources has a one year low of $20.13 and a one year high of $33.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after acquiring an additional 1,617 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Matador Resources by 14.8% in the 4th quarter. Amalgamated Bank now owns 14,163 shares of the energy company’s stock valued at $441,000 after acquiring an additional 1,829 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Matador Resources by 8.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 29,170 shares of the energy company’s stock valued at $908,000 after acquiring an additional 2,200 shares during the last quarter. Fortaleza Asset Management Inc. lifted its stake in shares of Matador Resources by 40.9% in the 4th quarter. Fortaleza Asset Management Inc. now owns 8,645 shares of the energy company’s stock valued at $269,000 after acquiring an additional 2,510 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Matador Resources by 0.9% in the 3rd quarter. California Public Employees Retirement System now owns 302,500 shares of the energy company’s stock valued at $8,213,000 after acquiring an additional 2,600 shares during the last quarter. 87.66% of the stock is 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.
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