BidaskClub upgraded shares of Matador Resources Company (NYSE:MTDR) from a hold rating to a buy rating in a report published on Thursday morning.

A number of other research firms also recently issued reports on MTDR. Imperial Capital boosted their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Mizuho reissued a hold rating and issued a $24.00 price target on shares of Matador Resources in a research note on Friday, September 29th. Northland Securities reissued a buy rating and issued a $33.00 price target on shares of Matador Resources in a research note on Tuesday, September 26th. Scotiabank reissued a buy rating on shares of Matador Resources in a research note on Tuesday, September 26th. Finally, BMO Capital Markets set a $29.00 price target on shares of Matador Resources and gave the company a buy rating in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $29.16.

Matador Resources (MTDR) traded up $0.23 during trading on Thursday, hitting $28.83. 1,547,300 shares of the stock were exchanged, compared to its average volume of 1,576,378. The stock has a market cap of $3,126.53, a P/E ratio of 53.39, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15. Matador Resources has a twelve month low of $20.13 and a twelve month high of $29.48. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The business’s revenue was up 42.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. equities research analysts forecast that Matador Resources will post 0.57 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of 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 buying an additional 816 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Matador Resources by 3.7% in the 1st quarter. Legal & General Group Plc now owns 30,173 shares of the energy company’s stock valued at $718,000 after buying an additional 1,089 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Matador Resources by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 7,060,863 shares of the energy company’s stock valued at $167,978,000 after buying an additional 68,425 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Matador Resources by 7.1% in the 1st quarter. Geode Capital Management LLC now owns 689,352 shares of the energy company’s stock valued at $16,399,000 after buying an additional 45,554 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Matador Resources by 3.4% in the 1st quarter. UBS Group AG now owns 42,343 shares of the energy company’s stock valued at $1,007,000 after buying an additional 1,384 shares in the last quarter. Institutional investors own 83.59% 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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