Shares of Matador Resources Co (NYSE:MTDR) have earned a consensus recommendation of “Buy” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.67.
Several analysts have commented on MTDR shares. Johnson Rice lowered Matador Resources from a “buy” rating to an “accumulate” rating and set a $38.00 price objective on the stock. in a report on Wednesday, August 15th. TheStreet raised Matador Resources from a “c+” rating to a “b” rating in a report on Tuesday, July 17th. KLR Group reissued a “buy” rating and issued a $38.00 price objective on shares of Matador Resources in a report on Monday, August 20th. BMO Capital Markets set a $34.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Sunday, August 12th. Finally, Raymond James reissued a “buy” rating and issued a $43.00 price objective on shares of Matador Resources in a report on Sunday, August 12th.
MTDR traded down $0.08 during trading on Friday, hitting $31.05. The company’s stock had a trading volume of 1,830,555 shares, compared to its average volume of 940,172. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. Matador Resources has a twelve month low of $23.82 and a twelve month high of $35.22. The firm has a market cap of $3.89 billion, a P/E ratio of 43.13, a PEG ratio of 0.89 and a beta of 1.51.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. Matador Resources had a return on equity of 9.84% and a net margin of 24.93%. The company had revenue of $211.37 million for the quarter, compared to analyst estimates of $185.07 million. During the same period last year, the company earned $0.36 earnings per share. Matador Resources’s quarterly revenue was up 63.1% compared to the same quarter last year. equities research analysts forecast that Matador Resources will post 1.47 EPS for the current year.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Matador Resources by 11.1% in the second quarter. BlackRock Inc. now owns 11,706,885 shares of the energy company’s stock worth $351,792,000 after acquiring an additional 1,170,138 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Matador Resources by 0.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 4,191,454 shares of the energy company’s stock worth $125,367,000 after buying an additional 24,782 shares during the last quarter. Beck Mack & Oliver LLC boosted its stake in Matador Resources by 1.6% during the second quarter. Beck Mack & Oliver LLC now owns 4,104,345 shares of the energy company’s stock worth $123,336,000 after buying an additional 63,815 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Matador Resources by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,146,283 shares of the energy company’s stock worth $94,546,000 after buying an additional 265,541 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Matador Resources by 40.3% during the second quarter. OppenheimerFunds Inc. now owns 2,026,084 shares of the energy company’s stock worth $60,885,000 after buying an additional 581,649 shares during the last quarter. 89.14% of the stock is currently owned by hedge funds and other institutional investors.
About Matador Resources
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production, and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
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