Imperial Capital Increases Matador Resources Company (MTDR) Price Target to $36.00
Matador Resources Company (NYSE:MTDR) had its target price lifted by stock analysts at Imperial Capital from $35.00 to $36.00 in a research report issued on Wednesday. The brokerage presently has an “outperform” rating on the energy company’s stock. Imperial Capital’s price target indicates a potential upside of 25.87% from the stock’s current price.
Several other research firms have also commented on MTDR. BidaskClub upgraded Matador Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Mizuho restated a “hold” rating and issued a $24.00 price objective on shares of Matador Resources in a research report on Friday, September 29th. Northland Securities restated a “buy” rating and issued a $33.00 price objective on shares of Matador Resources in a research report on Tuesday, September 26th. Scotiabank restated a “buy” rating on shares of Matador Resources in a research report on Tuesday, September 26th. Finally, BMO Capital Markets set a $29.00 price objective on Matador Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $28.92.
Shares of Matador Resources (NYSE:MTDR) opened at $28.60 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 1.15. Matador Resources has a 52-week low of $20.13 and a 52-week high of $29.48. The company has a market capitalization of $3,071.01, a P/E ratio of 52.44, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The business had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 42.3% compared to the same quarter last year. sell-side analysts forecast that Matador Resources will post 0.52 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the business. Dubuque Bank & Trust Co. lifted its holdings in Matador Resources by 4.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock valued at $152,000 after purchasing an additional 275 shares in the last quarter. Amalgamated Bank lifted its holdings in Matador Resources by 5.0% in the 1st quarter. Amalgamated Bank now owns 10,694 shares of the energy company’s stock valued at $254,000 after purchasing an additional 506 shares in the last quarter. First National Bank of Omaha lifted its holdings in Matador Resources by 1.8% in the 2nd quarter. First National Bank of Omaha now owns 43,946 shares of the energy company’s stock valued at $939,000 after purchasing an additional 760 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Matador Resources by 7.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,555 shares of the energy company’s stock valued at $299,000 after purchasing an additional 816 shares in the last quarter. Finally, TD Asset Management Inc. lifted its holdings in Matador Resources by 2.5% in the 2nd quarter. TD Asset Management Inc. now owns 36,200 shares of the energy company’s stock valued at $774,000 after purchasing an additional 897 shares in the last quarter. Institutional investors own 84.72% 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.
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