Equities researchers at Deutsche Bank AG started coverage on shares of Matador Resources Co. (NYSE:MTDR) in a research note issued to investors on Monday. The firm set a “hold” rating and a $25.68 price target on the energy company’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 13.23% from the stock’s current price.

MTDR has been the subject of a number of other reports. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Saturday, November 5th. FBR & Co set a $30.00 price target on Matador Resources and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Mizuho initiated coverage on Matador Resources in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $25.00 price target for the company. KLR Group upgraded Matador Resources from a “hold” rating to an “accumulate” rating and set a $25.00 price target for the company in a research note on Wednesday, September 21st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $20.00 price target on shares of Matador Resources in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.10.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

Shares of Matador Resources (NYSE:MTDR) opened at 22.68 on Monday. Matador Resources has a 1-year low of $11.13 and a 1-year high of $25.95. The company’s market capitalization is $2.12 billion. The firm’s 50 day moving average price is $23.39 and its 200-day moving average price is $22.44.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, November 1st. The energy company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. Matador Resources had a negative return on equity of 1.60% and a negative net margin of 176.09%. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $78.07 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Analysts expect that Matador Resources will post ($0.05) EPS for the current year.

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In related news, Director Joe A. Davis purchased 8,767 shares of Matador Resources stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average cost of $22.70 per share, for a total transaction of $199,010.90. Following the completion of the transaction, the director now owns 1,747 shares in the company, valued at $39,656.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MTDR. Credit Suisse AG boosted its position in shares of Matador Resources by 30.1% in the third quarter. Credit Suisse AG now owns 195,223 shares of the energy company’s stock valued at $4,752,000 after buying an additional 45,214 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Matador Resources by 8.9% in the third quarter. Chartwell Investment Partners LLC now owns 471,840 shares of the energy company’s stock valued at $11,485,000 after buying an additional 38,570 shares during the last quarter. First Dallas Securities Inc. raised its stake in shares of Matador Resources by 9.9% in the third quarter. First Dallas Securities Inc. now owns 26,985 shares of the energy company’s stock valued at $656,000 after buying an additional 2,430 shares during the last quarter. Tributary Capital Management LLC raised its stake in shares of Matador Resources by 7.3% in the third quarter. Tributary Capital Management LLC now owns 332,897 shares of the energy company’s stock valued at $8,103,000 after buying an additional 22,640 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its stake in shares of Matador Resources by 164.9% in the third quarter. Picton Mahoney Asset Management now owns 697,540 shares of the energy company’s stock valued at $16,981,000 after buying an additional 434,200 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Matador Resources Company Profile

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 segment is oil and natural gas exploration and production.

5 Day Chart for NYSE:MTDR

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