Matador Resources Company (NYSE:MTDR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Matador Resources Company (NYSE:MTDR) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $59.0909.

A number of brokerages recently issued reports on MTDR. Bank of America reduced their target price on Matador Resources from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. KeyCorp reiterated an “overweight” rating on shares of Matador Resources in a research report on Friday, December 19th. Citigroup initiated coverage on shares of Matador Resources in a report on Monday, December 8th. They issued a “buy” rating and a $53.00 price target on the stock. Finally, Mizuho lifted their price objective on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, December 12th.

Insider Buying and Selling

In related news, insider Van H. Singleton II acquired 1,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $39.46 per share, with a total value of $39,460.00. Following the acquisition, the insider directly owned 292,418 shares in the company, valued at $11,538,814.28. This represents a 0.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shelley F. Appel bought 1,389 shares of the stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $38.01 per share, for a total transaction of $52,795.89. Following the purchase, the director directly owned 5,084 shares of the company’s stock, valued at approximately $193,242.84. The trade was a 37.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 37,346 shares of company stock valued at $1,463,396 in the last 90 days. 5.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of MTDR. Adage Capital Partners GP L.L.C. grew its stake in shares of Matador Resources by 143.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock worth $121,995,000 after purchasing an additional 1,505,000 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Matador Resources in the 3rd quarter valued at $61,615,000. LSV Asset Management boosted its holdings in Matador Resources by 45.7% during the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock worth $159,135,000 after buying an additional 1,045,396 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Matador Resources during the second quarter valued at $37,194,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Matador Resources by 64.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock valued at $49,459,000 after buying an additional 431,010 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 0.5%

NYSE MTDR opened at $42.94 on Monday. Matador Resources has a 12-month low of $35.19 and a 12-month high of $62.59. The company has a fifty day simple moving average of $42.48 and a two-hundred day simple moving average of $44.82. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. The stock has a market cap of $5.34 billion, a P/E ratio of 6.86 and a beta of 1.09.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.