Matador Resources Company (NYSE:MTDR) Given Consensus Rating of “Moderate Buy” by Brokerages
by Renee Jackson · The Cerbat GemMatador Resources Company (NYSE:MTDR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $61.9231.
MTDR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Matador Resources from $47.00 to $54.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Zacks Research upgraded Matador Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada decreased their price target on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. TD Cowen lifted their price target on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Finally, Morgan Stanley decreased their price target on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd.
Check Out Our Latest Research Report on MTDR
Matador Resources Price Performance
Shares of NYSE MTDR opened at $57.05 on Friday. The stock has a market capitalization of $7.09 billion, a PE ratio of 9.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.75. The business has a fifty day moving average price of $55.61 and a two-hundred day moving average price of $46.99. Matador Resources has a fifty-two week low of $37.14 and a fifty-two week high of $66.84.
Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.16. The firm had revenue of $847.99 million during the quarter, compared to analysts’ expectations of $811.13 million. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The company’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.83 EPS. As a group, equities analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.
Matador Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th were paid a $0.375 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.50 annualized dividend and a dividend yield of 2.6%. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.
Hedge Funds Weigh In On Matador Resources
Several hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its position in Matador Resources by 179.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,869 shares of the energy company’s stock worth $122,000 after acquiring an additional 1,843 shares during the last quarter. MidFirst Bank bought a new stake in Matador Resources during the 4th quarter worth $214,000. Invesco Ltd. grew its position in Matador Resources by 45.9% during the 4th quarter. Invesco Ltd. now owns 594,849 shares of the energy company’s stock worth $25,245,000 after acquiring an additional 187,178 shares during the last quarter. XTX Topco Ltd bought a new stake in Matador Resources during the 4th quarter worth $340,000. Finally, Virtus Investment Advisers LLC bought a new stake in Matador Resources during the 4th quarter worth $165,000. Institutional investors own 91.98% of the company’s stock.
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.