Northland Securities set a $33.00 price objective on Matador Resources (NYSE:MTDR) in a report issued on Monday. The firm currently has a buy rating on the energy company’s stock.

A number of other research firms have also recently issued reports on MTDR. BMO Capital Markets set a $29.00 target price on shares of Matador Resources and gave the company a buy rating in a research note on Tuesday, October 10th. Mizuho set a $28.00 target price on shares of Matador Resources and gave the company a hold rating in a research note on Saturday, November 25th. Imperial Capital lifted their target price 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. BidaskClub upgraded shares of Matador Resources from a hold rating to a buy rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research upgraded shares of Matador Resources from a sell rating to a hold rating in a research note on Tuesday, August 15th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $29.88.

Matador Resources (MTDR) traded up $0.12 during mid-day trading on Monday, hitting $27.73. 976,200 shares of the company traded hands, compared to its average volume of 1,543,794. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. The firm has a market capitalization of $2,994.22, a PE ratio of 51.13, a P/E/G ratio of 1.35 and a beta of 1.16. Matador Resources has a twelve month low of $20.13 and a twelve month high of $29.76.

Matador Resources (NYSE:MTDR) last posted its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to analysts’ expectations of $123.62 million. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The company’s revenue was up 42.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. analysts predict that Matador Resources will post 0.63 EPS for the current fiscal year.

In related news, Director David M. Posner bought 1,035 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the transaction, the director now owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MTDR. Advisor Group Inc. increased its position in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after acquiring an additional 2,727 shares during the period. Fortaleza Asset Management Inc. bought a new stake in Matador Resources in the 3rd quarter valued at $167,000. Teacher Retirement System of Texas bought a new stake in Matador Resources in the 3rd quarter valued at $202,000. Crossmark Global Holdings Inc. bought a new stake in Matador Resources in the 3rd quarter valued at $209,000. Finally, Parallel Advisors LLC increased its holdings in Matador Resources by 24.0% in the 2nd quarter. Parallel Advisors LLC now owns 8,659 shares of the energy company’s stock valued at $210,000 after buying an additional 1,677 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

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About Matador Resources

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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