Matador Resources Company (NYSE:MTDR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Matador Resources Company (NYSE:MTDR) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $57.8182.

Several equities research analysts have recently commented on the stock. Wells Fargo & Company downgraded shares of Matador Resources from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $61.00 to $47.00 in a research report on Tuesday, January 27th. KeyCorp reiterated an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. Bank of America lowered their price objective 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. Citigroup assumed coverage on Matador Resources in a report on Monday, December 8th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, Mizuho upped their price target on Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, December 12th.

Institutional Investors Weigh In On Matador Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after buying an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Matador Resources in the 2nd quarter valued at $255,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Matador Resources during the 2nd quarter worth $1,664,000. Finally, Ethic Inc. bought a new stake in shares of Matador Resources during the 2nd quarter worth $284,000. 91.98% of the stock is owned by institutional investors.

Matador Resources Stock Performance

NYSE MTDR opened at $52.13 on Friday. The company has a market cap of $6.48 billion, a P/E ratio of 8.33 and a beta of 1.14. The company has a fifty day simple moving average of $43.90 and a 200 day simple moving average of $44.31. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. Matador Resources has a 12-month low of $35.19 and a 12-month high of $57.13.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a $0.375 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. Matador Resources’s dividend payout ratio is currently 23.96%.

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.