Matador Resources Co (NYSE:MTDR) has earned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.67.
Several equities research analysts recently issued reports on MTDR shares. KLR Group upgraded Matador Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $36.00 in a report on Friday, June 29th. ValuEngine upgraded Matador Resources from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. BMO Capital Markets set a $34.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Sunday, August 12th. TheStreet upgraded Matador Resources from a “c+” rating to a “b” rating in a report on Tuesday, July 17th. Finally, Imperial Capital set a $43.00 price objective on Matador Resources and gave the company a “buy” rating in a report on Thursday, May 24th.
Shares of MTDR stock traded down $0.08 on Friday, hitting $31.05. The stock had a trading volume of 1,830,555 shares, compared to its average volume of 940,172. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3.89 billion, a PE ratio of 43.13, a P/E/G ratio of 0.89 and a beta of 1.51. Matador Resources has a 1 year low of $23.82 and a 1 year high of $35.22.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The firm had revenue of $211.37 million for the quarter, compared to the consensus estimate of $185.07 million. Matador Resources had a return on equity of 9.84% and a net margin of 24.93%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. research analysts predict that Matador Resources will post 1.47 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Mutual of America Capital Management LLC increased its holdings in Matador Resources by 6.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 150,805 shares of the energy company’s stock worth $4,532,000 after purchasing an additional 9,721 shares during the period. PNC Financial Services Group Inc. increased its holdings in Matador Resources by 387.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 206,114 shares of the energy company’s stock worth $6,165,000 after purchasing an additional 163,843 shares during the period. Beck Mack & Oliver LLC increased its holdings in Matador Resources by 1.6% during the 2nd quarter. Beck Mack & Oliver LLC now owns 4,104,345 shares of the energy company’s stock worth $123,336,000 after purchasing an additional 63,815 shares during the period. Bank of New York Mellon Corp increased its holdings in Matador Resources by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,326,755 shares of the energy company’s stock worth $39,870,000 after purchasing an additional 47,468 shares during the period. Finally, Cortina Asset Management LLC boosted its position in shares of Matador Resources by 42.6% during the 2nd quarter. Cortina Asset Management LLC now owns 343,084 shares of the energy company’s stock worth $10,310,000 after acquiring an additional 102,500 shares in the last quarter. Institutional investors own 89.14% of the company’s stock.
About Matador Resources
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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