Equities research analysts at Stephens began coverage on shares of Matador Resources (NYSE:MTDR) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “weight” rating and a $29.00 price target on the energy company’s stock. Stephens’ target price would suggest a potential upside of 36.21% from the company’s previous close.
A number of other equities analysts have also commented on the company. MKM Partners assumed coverage on Matador Resources in a research note on Wednesday. They issued a “buy” rating and a $28.00 price objective on the stock. Cowen assumed coverage on Matador Resources in a research note on Thursday, November 29th. They issued a “market perform” rating on the stock. SunTrust Banks reiterated a “hold” rating and issued a $26.00 price objective on shares of Matador Resources in a research note on Thursday, November 29th. Zacks Investment Research lowered Matador Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, BMO Capital Markets set a $32.00 price objective on Matador Resources and gave the stock a “buy” rating in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.76.
Matador Resources stock opened at $21.29 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.63 and a current ratio of 0.69. The stock has a market capitalization of $2.53 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43. Matador Resources has a 52 week low of $21.25 and a 52 week high of $35.22.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $207.18 million for the quarter, compared to analyst estimates of $208.75 million. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The firm’s revenue for the quarter was up 64.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts anticipate that Matador Resources will post 1.66 EPS for the current year.
In other news, Director Timothy E. Parker purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average cost of $24.93 per share, for a total transaction of $49,860.00. Following the completion of the purchase, the director now directly owns 10,172 shares of the company’s stock, valued at approximately $253,587.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth L. Stewart purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were purchased at an average price of $24.40 per share, for a total transaction of $244,000.00. Following the completion of the purchase, the director now directly owns 32,532 shares of the company’s stock, valued at $793,780.80. The disclosure for this purchase can be found here. Insiders have purchased 27,000 shares of company stock worth $636,231 over the last 90 days. Corporate insiders own 11.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Canton Hathaway LLC bought a new position in Matador Resources during the third quarter valued at about $116,000. Northstar Investment Advisors LLC acquired a new stake in Matador Resources during the third quarter valued at approximately $205,000. Wesbanco Bank Inc. acquired a new stake in Matador Resources during the third quarter valued at approximately $208,000. Capital Fund Management S.A. acquired a new stake in Matador Resources during the second quarter valued at approximately $207,000. Finally, BB&T Corp acquired a new stake in Matador Resources during the third quarter valued at approximately $232,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.
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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