Matador Resources (NYSE:MTDR)‘s stock had its “hold” rating restated by Wells Fargo & Co in a report issued on Wednesday.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Matador Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 15th. Stephens assumed coverage on shares of Matador Resources in a research report on Thursday, December 6th. They issued a “weight” rating and a $29.00 price target for the company. Zacks Investment Research downgraded shares of Matador Resources from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. BMO Capital Markets set a $32.00 price target on shares of Matador Resources and gave the company a “buy” rating in a research report on Tuesday, November 13th. Finally, Northland Securities restated a “buy” rating and issued a $32.00 price target on shares of Matador Resources in a research report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Matador Resources has an average rating of “Hold” and an average target price of $34.25.

Shares of NYSE:MTDR opened at $18.53 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.87. The company has a market capitalization of $2.12 billion, a P/E ratio of 11.44, a PEG ratio of 0.74 and a beta of 1.87. Matador Resources has a 52 week low of $13.97 and a 52 week high of $35.22.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.10. The business had revenue of $202.10 million during the quarter, compared to the consensus estimate of $202.83 million. Matador Resources had a net margin of 30.48% and a return on equity of 11.24%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, research analysts expect that Matador Resources will post 1.1 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Impact Advisors LLC lifted its position in Matador Resources by 15.6% in the 4th quarter. Capital Impact Advisors LLC now owns 80,982 shares of the energy company’s stock worth $1,254,000 after buying an additional 10,905 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Matador Resources by 967.5% during the 4th quarter. American Century Companies Inc. now owns 153,399 shares of the energy company’s stock valued at $2,382,000 after purchasing an additional 139,029 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Matador Resources by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,098,757 shares of the energy company’s stock valued at $17,063,000 after purchasing an additional 75,623 shares in the last quarter. Norges Bank bought a new position in shares of Matador Resources during the 4th quarter valued at $5,874,000. Finally, Lake Point Wealth Management bought a new position in shares of Matador Resources during the 4th quarter valued at $153,000. Institutional investors own 93.36% of the company’s stock.

Matador Resources Company Profile

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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