Wells Fargo & Co reaffirmed their hold rating on shares of Matador Resources (NYSE:MTDR) in a research report sent to investors on Friday, AnalystRatings.com reports.

A number of other equities research analysts have also commented on MTDR. ValuEngine lowered Matador Resources from a sell rating to a strong sell rating in a research report on Saturday, December 15th. Capital One Financial lowered Matador Resources from an overweight rating to an equal weight rating in a research report on Thursday, December 20th. Zacks Investment Research lowered Matador Resources from a hold rating to a strong sell rating in a research report on Friday, January 11th. Raymond James set a $24.00 price target on Matador Resources and gave the company a buy rating in a research report on Wednesday, January 23rd. Finally, SunTrust Banks raised Matador Resources from a hold rating to a buy rating and increased their price target for the company from $23.00 to $29.00 in a research report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $33.13.

Shares of MTDR opened at $20.82 on Friday. Matador Resources has a 12-month low of $13.97 and a 12-month high of $35.22. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $2.39 billion, a P/E ratio of 12.85, a PEG ratio of 0.85 and a beta of 1.87.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 26th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Matador Resources had a return on equity of 11.24% and a net margin of 30.48%. The company had revenue of $202.10 million for the quarter, compared to analysts’ expectations of $202.83 million. During the same period last year, the business earned $0.25 EPS. Matador Resources’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Matador Resources will post 1.22 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in MTDR. Massachusetts Financial Services Co. MA purchased a new stake in shares of Matador Resources during the 4th quarter valued at $10,866,000. BlackRock Inc. increased its position in shares of Matador Resources by 5.2% during the 4th quarter. BlackRock Inc. now owns 12,834,279 shares of the energy company’s stock valued at $199,317,000 after purchasing an additional 633,565 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Matador Resources by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after purchasing an additional 612,234 shares during the last quarter. Vanguard Group Inc increased its position in shares of Matador Resources by 6.9% during the 3rd quarter. Vanguard Group Inc now owns 9,530,794 shares of the energy company’s stock valued at $314,992,000 after purchasing an additional 612,234 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Matador Resources by 1,453.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after purchasing an additional 593,768 shares during the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

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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