Matador Resources Company (NYSE:MTDR) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities analysts have also weighed in on the company. Mizuho reiterated a “hold” rating and set a $24.00 price objective on shares of Matador Resources in a research note on Friday, September 29th. Scotiabank restated a “buy” rating on shares of Matador Resources in a research note on Tuesday, September 26th. Northland Securities restated a “buy” rating and issued a $33.00 price target on shares of Matador Resources in a research note on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Matador Resources in a research note on Thursday, September 7th. Finally, Zacks Investment Research upgraded Matador Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Matador Resources presently has an average rating of “Buy” and an average target price of $28.48.

Shares of Matador Resources (MTDR) opened at 25.94 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 13.41 and a beta of 1.26. The firm has a 50-day moving average price of $24.75 and a 200-day moving average price of $23.32. Matador Resources has a 12 month low of $20.13 and a 12 month high of $28.51.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.11. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $112.21 million. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The company’s revenue was up 65.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. Equities analysts forecast that Matador Resources will post $0.49 EPS for the current year.

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In other news, Director David M. Posner acquired 4,115 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $24.10 per share, for a total transaction of $99,171.50. Following the purchase, the director now owns 6,274 shares in the company, valued at $151,203.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Dubuque Bank & Trust Co. increased its stake in Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after buying an additional 275 shares in the last quarter. Comerica Bank boosted its holdings in shares of Matador Resources by 5.3% during the 1st quarter. Comerica Bank now owns 9,198 shares of the energy company’s stock worth $202,000 after purchasing an additional 461 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Matador Resources by 5.0% during the 1st quarter. Amalgamated Bank now owns 10,694 shares of the energy company’s stock worth $254,000 after purchasing an additional 506 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Matador Resources by 10.8% during the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after purchasing an additional 682 shares during the last quarter. Finally, First National Bank of Omaha boosted its holdings in shares of Matador Resources by 1.8% during the 2nd quarter. First National Bank of Omaha now owns 43,946 shares of the energy company’s stock worth $939,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 91.64% 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 segments include exploration and production, and midstream.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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