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

Matador Resources Company (NYSE:MTDR) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $64.0769.

Several equities analysts have commented on MTDR shares. Weiss Ratings lowered shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Mizuho upped their price target on shares of Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. KeyCorp increased their price target on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Truist Financial decreased their price objective on shares of Matador Resources from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, April 6th.

Matador Resources Stock Up 0.0%

Shares of NYSE MTDR opened at $53.81 on Monday. The stock has a market capitalization of $6.68 billion, a P/E ratio of 13.83 and a beta of 0.74. The stock’s fifty day moving average is $53.56 and its 200 day moving average is $52.91. Matador Resources has a 52 week low of $37.14 and a 52 week high of $66.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.29. The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. Matador Resources’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.99 earnings per share. Sell-side analysts forecast that Matador Resources will post 6.99 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a $0.375 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. Matador Resources’s dividend payout ratio (DPR) is presently 38.56%.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 4,675 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $52.36 per share, with a total value of $244,783.00. Following the acquisition, the chief executive officer owned 6,997 shares of the company’s stock, valued at approximately $366,362.92. This represents a 201.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Glenn W. Stetson acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of $53.41 per share, with a total value of $26,705.00. Following the completion of the transaction, the chief operating officer owned 95,470 shares in the company, valued at $5,099,052.70. The trade was a 0.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 11,907 shares of company stock worth $635,712. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Matador Resources

A number of institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd lifted its holdings in Matador Resources by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares in the last quarter. Burford Brothers Inc. lifted its holdings in shares of Matador Resources by 0.8% in the first quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company’s stock worth $1,693,000 after buying an additional 225 shares in the last quarter. Fiduciary Trust Co lifted its holdings in shares of Matador Resources by 2.2% in the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock worth $531,000 after buying an additional 253 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Matador Resources by 2.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock valued at $388,000 after acquiring an additional 254 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in Matador Resources by 3.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock valued at $349,000 after acquiring an additional 278 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.