Matador Resources (NYSE:MTDR)‘s stock had its “buy” rating reissued by equities research analysts at BMO Capital Markets in a research report issued on Wednesday, March 14th. They currently have a $30.00 target price on the energy company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 1.97% from the stock’s previous close.
MTDR has been the subject of several other research reports. Zacks Investment Research downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Royal Bank of Canada set a $36.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, March 12th. They noted that the move was a valuation call. Northland Securities set a $35.00 price target on shares of Matador Resources and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Mizuho raised shares of Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, SunTrust Banks set a $40.00 target price on shares of Matador Resources and gave the company a “buy” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Matador Resources currently has an average rating of “Buy” and a consensus target price of $33.06.
Shares of Matador Resources (NYSE MTDR) traded down $0.47 during midday trading on Wednesday, hitting $29.42. 162,594 shares of the stock traded hands, compared to its average volume of 1,191,723. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. Matador Resources has a 1-year low of $20.13 and a 1-year high of $33.96. The firm has a market capitalization of $3,149.64, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 0.81 and a beta of 1.29.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The business had revenue of $168.40 million during the quarter, compared to analysts’ expectations of $148.89 million. During the same period last year, the business earned $0.08 earnings per share. equities analysts expect that Matador Resources will post 1.29 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of MTDR. Dimensional Fund Advisors LP raised its stake in shares of Matador Resources by 216.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares in the last quarter. Millennium Management LLC grew its holdings in Matador Resources by 49.2% during the fourth quarter. Millennium Management LLC now owns 3,570,281 shares of the energy company’s stock worth $111,143,000 after acquiring an additional 1,176,599 shares during the period. Goldman Sachs Group Inc. grew its holdings in Matador Resources by 167.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,778,002 shares of the energy company’s stock worth $55,349,000 after acquiring an additional 1,113,689 shares during the period. BlackRock Inc. grew its holdings in Matador Resources by 8.2% during the fourth quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock worth $331,028,000 after acquiring an additional 804,173 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in Matador Resources by 123.2% during the fourth quarter. OppenheimerFunds Inc. now owns 1,157,917 shares of the energy company’s stock worth $36,047,000 after acquiring an additional 639,074 shares during the period. Institutional investors own 87.59% of the company’s stock.
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About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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