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

Matador Resources Company (NYSE:MTDR) has been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $65.0769.

Several brokerages have commented on MTDR. Zacks Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wells Fargo & Company raised their price objective on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. KeyCorp raised their price objective on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. UBS Group raised their price objective on Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Roth Mkm reissued a “neutral” rating and issued a $65.00 price objective (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th.

Matador Resources Stock Down 0.5%

Shares of MTDR stock opened at $53.56 on Friday. The stock has a 50 day moving average of $59.38 and a 200 day moving average of $50.41. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.65 billion, a P/E ratio of 13.77 and a beta of 0.81. Matador Resources has a twelve month low of $37.14 and a twelve month high of $66.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.29. The company had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.Matador Resources’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period last year, the business earned $1.99 earnings per share. As a group, sell-side analysts expect that Matador Resources will post 7.36 EPS for the current year.

Matador Resources Announces Dividend

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

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran acquired 4,675 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $52.36 per share, with a total value of $244,783.00. Following the completion of the acquisition, the chief executive officer owned 6,997 shares in the company, valued at approximately $366,362.92. This trade represents a 201.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.90% of the company’s stock.

Institutional Trading of Matador Resources

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Matador Resources in the first quarter worth approximately $27,000. Kestra Investment Management LLC boosted its stake in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares during the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Matador Resources in the first quarter worth approximately $41,000. Rothschild Investment LLC boosted its stake in shares of Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its stake in shares of Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after acquiring an additional 201 shares during the last quarter. 91.98% of the stock is 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.