Matador Resources Co (NYSE:MTDR) Given Average Rating of “Hold” by Brokerages

Matador Resources Co (NYSE:MTDR) has received an average recommendation of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $31.69.

Several research firms have commented on MTDR. Imperial Capital restated an “outperform” rating and set a $33.00 price objective (up from $31.00) on shares of Matador Resources in a report on Monday, April 1st. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the stock a “hold” rating in a report on Thursday, July 11th. MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a report on Friday, June 7th.

Shares of MTDR stock traded up $0.04 on Friday, reaching $17.66. 2,134,638 shares of the company’s stock were exchanged, compared to its average volume of 2,458,315. Matador Resources has a 52 week low of $13.97 and a 52 week high of $34.90. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.05 billion, a PE ratio of 10.90, a PEG ratio of 0.88 and a beta of 1.98. The business has a fifty day moving average of $18.11.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $173.89 million for the quarter, compared to the consensus estimate of $198.76 million. Matador Resources had a return on equity of 9.57% and a net margin of 22.37%. Matador Resources’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Equities analysts predict that Matador Resources will post 1.13 EPS for the current year.

In other news, President Matthew V. Hairford purchased 2,000 shares of the stock in a transaction on Friday, June 7th. The stock was bought at an average price of $16.78 per share, with a total value of $33,560.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Bradley M. Robinson purchased 5,000 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average cost of $16.76 per share, with a total value of $83,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 13,000 shares of company stock valued at $222,160. 6.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MTDR. Private Capital Group LLC lifted its position in Matador Resources by 91.5% during the 1st quarter. Private Capital Group LLC now owns 2,242 shares of the energy company’s stock worth $43,000 after acquiring an additional 1,071 shares during the period. Marshall Wace LLP acquired a new position in shares of Matador Resources in the 1st quarter valued at about $74,000. Zions Bancorporation N.A. acquired a new position in shares of Matador Resources in the 1st quarter valued at about $91,000. Gradient Investments LLC acquired a new position in shares of Matador Resources in the 1st quarter valued at about $102,000. Finally, Lake Point Wealth Management acquired a new position in shares of Matador Resources in the 4th quarter valued at about $153,000. 94.98% 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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