Matador Resources (MTDR) To Go Ex-Dividend on May 16th

Matador Resources (NYSE:MTDR) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.20 per share by the energy company on Friday, June 7th. This represents a $0.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 16th.

Matador Resources Price Performance

Shares of MTDR stock opened at $64.35 on Friday. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $64.52 and its 200-day moving average is $59.86. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.05). The firm had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 EPS. Sell-side analysts forecast that Matador Resources will post 7.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Matador Resources

Hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY increased its position in shares of Matador Resources by 2.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,910 shares of the energy company’s stock valued at $396,000 after buying an additional 197 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Matador Resources by 46.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock worth $42,000 after purchasing an additional 242 shares during the period. US Bancorp DE lifted its holdings in shares of Matador Resources by 2.1% during the 1st quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock valued at $635,000 after purchasing an additional 246 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Matador Resources by 3.5% in the first quarter. Evergreen Capital Management LLC now owns 8,189 shares of the energy company’s stock valued at $434,000 after acquiring an additional 276 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in Matador Resources by 3.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 9,674 shares of the energy company’s stock worth $550,000 after acquiring an additional 312 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MTDR shares. Roth Mkm reiterated a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a report on Monday, March 25th. Mizuho lifted their price target on shares of Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company increased their price objective on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday. KeyCorp lowered their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. Finally, StockNews.com raised Matador Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $73.40.

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 through 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.