Matador Resources (NYSE:MTDR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.

Other research analysts have also issued reports about the company. Northland Securities set a $39.00 target price on Matador Resources and gave the company a “buy” rating in a report on Friday, August 3rd. TheStreet lowered Matador Resources from a “b-” rating to a “c+” rating in a report on Tuesday, November 6th. Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, October 22nd. Imperial Capital lifted their target price on Matador Resources from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Finally, Oppenheimer reiterated a “buy” rating on shares of Matador Resources in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.47.

MTDR opened at $23.83 on Monday. Matador Resources has a 52 week low of $23.74 and a 52 week high of $35.22. The firm has a market cap of $3.09 billion, a PE ratio of 33.10, a PEG ratio of 0.69 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.62.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The business had revenue of $207.18 million during the quarter, compared to analyst estimates of $208.75 million. During the same period last year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 64.1% on a year-over-year basis. Equities research analysts predict that Matador Resources will post 1.66 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp grew its holdings in shares of Matador Resources by 3.1% during the third quarter. King Luther Capital Management Corp now owns 158,430 shares of the energy company’s stock worth $5,236,000 after buying an additional 4,770 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Matador Resources by 37.4% during the third quarter. Riverhead Capital Management LLC now owns 17,263 shares of the energy company’s stock worth $571,000 after buying an additional 4,700 shares during the last quarter. Hartree Partners LP purchased a new position in shares of Matador Resources during the third quarter worth about $496,000. Tower Research Capital LLC TRC grew its holdings in shares of Matador Resources by 53.0% during the third quarter. Tower Research Capital LLC TRC now owns 8,015 shares of the energy company’s stock worth $265,000 after buying an additional 2,777 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Matador Resources by 103.7% during the third quarter. United Services Automobile Association now owns 34,448 shares of the energy company’s stock worth $1,139,000 after buying an additional 17,534 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates in two segments, Exploration and Production, and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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