Matador Resources (MTDR) Now Covered by MKM Partners

Equities researchers at MKM Partners started coverage on shares of Matador Resources (NYSE:MTDR) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $28.00 price target on the energy company’s stock. MKM Partners’ price objective indicates a potential upside of 28.79% from the stock’s current price.

A number of other research analysts also recently commented on the company. Cowen assumed coverage on Matador Resources in a report 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 report on Thursday, November 29th. Zacks Investment Research downgraded Matador Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. BMO Capital Markets set a $32.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Tuesday, November 13th. Finally, ValuEngine downgraded Matador Resources from a “hold” rating to a “sell” rating in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $36.69.

MTDR opened at $21.74 on Wednesday. Matador Resources has a one year low of $21.34 and a one year high of $35.22. The stock has a market capitalization of $2.72 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.62.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Matador Resources had a return on equity of 11.17% and a net margin of 22.69%. The business had revenue of $207.18 million for the quarter, compared to the consensus estimate of $208.75 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 64.1% on a year-over-year basis. On average, research analysts expect that Matador Resources will post 1.66 earnings per share for the current year.

In related news, Director Timothy E. Parker acquired 2,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $24.93 per share, with a total value of $49,860.00. Following the transaction, the director now owns 10,172 shares of the company’s stock, valued at $253,587.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth L. Stewart acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were bought at an average cost of $24.40 per share, with a total value of $244,000.00. Following the completion of the transaction, the director now directly owns 32,532 shares in the company, valued at approximately $793,780.80. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,000 shares of company stock valued at $636,231. Insiders own 11.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Canton Hathaway LLC acquired a new stake in shares of Matador Resources in the 3rd quarter valued at approximately $116,000. Northstar Investment Advisors LLC acquired a new stake in shares of Matador Resources in the 3rd quarter valued at approximately $205,000. Wesbanco Bank Inc. acquired a new stake in shares of Matador Resources in the 3rd quarter valued at approximately $208,000. Capital Fund Management S.A. acquired a new stake in shares of Matador Resources in the 2nd quarter valued at approximately $207,000. Finally, BB&T Corp acquired a new stake in shares of Matador Resources in the 3rd quarter valued at approximately $232,000. 87.56% of the stock is owned by institutional investors.

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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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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