Matador Resources (NYSE:MTDR) Receives $72.50 Consensus Target Price from Brokerages

Shares of Matador Resources (NYSE:MTDR) have received an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $73.90.

Several research firms have recently commented on MTDR. KeyCorp upped their price objective on Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James reduced their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Mizuho upped their price objective on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Roth Mkm restated a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a research note on Monday, March 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Tuesday, March 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTDR. William Blair Investment Management LLC purchased a new position in shares of Matador Resources during the third quarter valued at about $33,720,000. Goldman Sachs Group Inc. grew its position in shares of Matador Resources by 31.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock valued at $125,435,000 after purchasing an additional 531,504 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Matador Resources by 14,874.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock valued at $24,309,000 after acquiring an additional 424,665 shares during the last quarter. First Dallas Securities Inc. lifted its holdings in shares of Matador Resources by 4,501.7% in the 3rd quarter. First Dallas Securities Inc. now owns 387,003 shares of the energy company’s stock valued at $23,019,000 after acquiring an additional 378,593 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Matador Resources by 13.0% in the 3rd quarter. Victory Capital Management Inc. now owns 3,228,290 shares of the energy company’s stock valued at $192,019,000 after acquiring an additional 372,528 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

NYSE MTDR opened at $64.71 on Tuesday. The business’s fifty day moving average price is $64.89 and its 200-day moving average price is $60.05. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. Matador Resources has a 1-year low of $42.04 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share 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 the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. Matador Resources’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.08 earnings per share. On average, equities analysts predict that Matador Resources will post 7.14 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. Matador Resources’s payout ratio is 11.35%.

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.