Matador Resources (NYSE:MTDR) Earns Hold Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of Matador Resources (NYSE:MTDR) in a research note released on Tuesday, MarketBeat reports. The brokerage issued a hold rating and a $60.00 target price on the energy company’s stock.

MTDR has been the topic of a number of other research reports. Wells Fargo & Company upped their price objective on Matador Resources from $47.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Morgan Stanley reduced their target price on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Royal Bank Of Canada decreased their target price on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. BMO Capital Markets upped their price target on shares of Matador Resources from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, Citigroup increased their price target on shares of Matador Resources from $53.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $60.29.

Matador Resources Price Performance

Shares of MTDR opened at $64.18 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $50.63 and its two-hundred day moving average is $45.62. Matador Resources has a twelve month low of $35.19 and a twelve month high of $64.48. The firm has a market capitalization of $7.97 billion, a PE ratio of 10.52 and a beta of 1.07.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The business had revenue of $847.99 million during the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 EPS. Research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.50 annualized dividend and a yield of 2.3%. Matador Resources’s payout ratio is currently 24.59%.

Institutional Trading of Matador Resources

Several large investors have recently bought and sold shares of MTDR. Kestra Investment Management LLC raised its stake in shares of Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the last quarter. Allworth Financial LP boosted its position in shares of Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares in the last quarter. Rothschild Investment LLC grew its stake in Matador Resources by 5,927.3% in the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock valued at $30,000 after acquiring an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Matador Resources in the 3rd quarter valued at about $35,000. Finally, Gilpin Wealth Management LLC purchased a new position in Matador Resources during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.