Matador Resources (NYSE:MTDR) has been assigned a consensus recommendation of “Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.
A number of equities research analysts have commented on the company. SunTrust Banks set a $40.00 target price on Matador Resources and gave the company a “buy” rating in a report on Wednesday, January 24th. Deutsche Bank assumed coverage on Matador Resources in a report on Thursday, February 1st. They set a “hold” rating and a $37.00 target price on the stock. Mizuho upgraded Matador Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Stifel Nicolaus set a $36.00 target price on Matador Resources and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Zacks Investment Research upgraded Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, January 19th.
Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Matador Resources by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after purchasing an additional 1,617 shares during the period. Strs Ohio increased its position in shares of Matador Resources by 125.9% during the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock worth $189,000 after acquiring an additional 3,400 shares during the last quarter. Creative Planning purchased a new stake in shares of Matador Resources during the fourth quarter worth about $201,000. Driehaus Capital Management LLC purchased a new stake in shares of Matador Resources during the fourth quarter worth about $202,000. Finally, Shelton Capital Management purchased a new stake in shares of Matador Resources during the fourth quarter worth about $222,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
NYSE MTDR traded down $0.06 during mid-day trading on Thursday, hitting $33.02. The stock had a trading volume of 788,565 shares, compared to its average volume of 1,168,344. Matador Resources has a 52-week low of $20.13 and a 52-week high of $33.96. The company has a market capitalization of $3,607.40, a P/E ratio of 46.51, a PEG ratio of 0.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.89.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. During the same period last year, the business posted $0.08 EPS. research analysts expect that Matador Resources will post 1.29 earnings per share for the current fiscal year.
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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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