Matador Resources (NYSE:MTDR) Price Target Raised to $73.00

Matador Resources (NYSE:MTDR) had its price objective boosted by KeyCorp from $61.00 to $73.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the energy company’s stock. KeyCorp also issued estimates for Matador Resources’ Q4 2027 earnings at $2.47 EPS.

Several other analysts also recently weighed in on the company. TD Cowen boosted their price objective on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. BMO Capital Markets raised their price target on shares of Matador Resources from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Finally, Royal Bank Of Canada lowered their price objective on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $62.86.

Matador Resources Stock Down 0.1%

MTDR opened at $62.82 on Thursday. The company has a market cap of $7.81 billion, a P/E ratio of 10.30 and a beta of 0.91. The business’s 50-day moving average price is $53.06 and its 200-day moving average price is $46.25. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. Matador Resources has a 12 month low of $35.19 and a 12 month high of $66.84.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The company had revenue of $847.99 million during the quarter, compared to analyst estimates of $811.13 million. During the same quarter in the previous year, the company posted $1.83 EPS. Matador Resources’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were issued a $0.375 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.50 annualized dividend and a yield of 2.4%. Matador Resources’s payout ratio is 24.59%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. lifted 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 worth $49,459,000 after buying an additional 431,010 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Matador Resources by 3.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock worth $46,395,000 after buying an additional 37,889 shares during the period. Neo Ivy Capital Management bought a new position in shares of Matador Resources in the 3rd quarter worth about $871,000. Hussman Strategic Advisors Inc. bought a new position in shares of Matador Resources in the 3rd quarter worth about $1,887,000. Finally, Aquatic Capital Management LLC lifted its position in Matador Resources by 264.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 111,727 shares of the energy company’s stock valued at $5,020,000 after acquiring an additional 81,102 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

About Matador Resources

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.