Matador Resources (NYSE:MTDR) has been given a $32.00 price objective by investment analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the energy company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.24% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. BMO Capital Markets set a $29.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price on shares of Matador Resources in a research report on Thursday, September 7th. BidaskClub downgraded Matador Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Northland Securities set a $35.00 target price on Matador Resources and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $32.00 target price on shares of Matador Resources in a research report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.00.
Matador Resources (MTDR) opened at $28.51 on Wednesday. Matador Resources has a 52-week low of $20.13 and a 52-week high of $29.76. The company has a market capitalization of $2,982.29, a PE ratio of 50.93, a PEG ratio of 1.35 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58.
In related news, Director David M. Posner acquired 1,035 shares of Matador Resources stock in a transaction on Monday, December 4th. The shares were bought at an average cost of $28.92 per share, with a total value of $29,932.20. Following the completion of the purchase, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in shares of Matador Resources during the third quarter valued at approximately $264,000. Dana Investment Advisors Inc. bought a new position in shares of Matador Resources during the third quarter valued at approximately $1,841,000. Sterling Capital Management LLC grew its stake in shares of Matador Resources by 15.8% during the third quarter. Sterling Capital Management LLC now owns 43,474 shares of the energy company’s stock valued at $1,180,000 after buying an additional 5,924 shares during the last quarter. Griffin Asset Management Inc. bought a new position in shares of Matador Resources during the third quarter valued at approximately $386,000. Finally, CS Mckee LP bought a new position in shares of Matador Resources during the third quarter valued at approximately $964,000. 85.14% of the stock is currently owned by institutional investors.
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About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
