Matador Resources Company (MTDR) Price Target Increased to $30.00 by Analysts at Royal Bank Of Canada
Matador Resources Company (NYSE:MTDR) had its target price upped by investment analysts at Royal Bank Of Canada from $29.00 to $30.00 in a note issued to investors on Monday. The firm presently has an “outperform” rating on the energy company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 4.06% from the stock’s current price.
Several other research firms have also issued reports on MTDR. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Matador Resources in a research note on Friday. Imperial Capital lifted their price objective on shares of Matador Resources from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. BidaskClub raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research note on Thursday. Mizuho reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Matador Resources in a research note on Friday, September 29th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Matador Resources in a research note on Tuesday, September 26th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.16.
Matador Resources (MTDR) opened at $28.83 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 0.60. Matador Resources has a fifty-two week low of $20.13 and a fifty-two week high of $29.48. The company has a market cap of $3,126.53, a price-to-earnings ratio of 53.39, a PEG ratio of 1.68 and a beta of 1.15.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The business had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. During the same quarter in the previous year, the business earned $0.06 EPS. Matador Resources’s quarterly revenue was up 42.3% compared to the same quarter last year. sell-side analysts predict that Matador Resources will post 0.57 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Matador Resources by 53.9% during the 2nd quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock worth $217,677,000 after purchasing an additional 3,566,950 shares during the period. Vanguard Group Inc. raised its stake in Matador Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,302,038 shares of the energy company’s stock worth $156,044,000 after purchasing an additional 241,175 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Matador Resources by 88.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock worth $105,980,000 after purchasing an additional 2,328,250 shares in the last quarter. State Street Corp raised its stake in Matador Resources by 40.5% in the 2nd quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock worth $101,655,000 after purchasing an additional 1,370,196 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its stake in Matador Resources by 3.9% in the 2nd quarter. Beck Mack & Oliver LLC now owns 4,134,406 shares of the energy company’s stock worth $88,352,000 after purchasing an additional 154,813 shares in the last quarter. Institutional investors own 83.59% of the company’s stock.
Matador Resources Company Profile
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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