Brokerages Set Matador Resources Co (MTDR) Price Target at $33.29
Matador Resources Co (NYSE:MTDR) has been given an average rating of “Buy” by the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.29.
A number of research firms have recently commented on MTDR. Zacks Investment Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. SunTrust Banks reiterated a “buy” rating and set a $32.00 price target on shares of Matador Resources in a research report on Friday, November 10th. Royal Bank of Canada boosted their price target on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Northland Securities set a $33.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Deutsche Bank assumed coverage on Matador Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $37.00 price target for the company.
Matador Resources (MTDR) traded up $1.27 during trading on Wednesday, hitting $30.97. The stock had a trading volume of 1,711,158 shares, compared to its average volume of 1,228,058. The stock has a market capitalization of $3,244.69, a PE ratio of 24.34, a PEG ratio of 0.73 and a beta of 1.29. Matador Resources has a 1-year low of $20.13 and a 1-year high of $33.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.89.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its stake in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after buying an additional 2,727 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in Matador Resources during the third quarter worth $167,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Matador Resources by 36.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock worth $187,000 after buying an additional 1,617 shares during the last quarter. Strs Ohio boosted its stake in Matador Resources by 125.9% during the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock worth $189,000 after buying an additional 3,400 shares during the last quarter. Finally, Creative Planning acquired a new position in Matador Resources during the fourth quarter worth $201,000. 88.21% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2018/03/05/brokerages-set-matador-resources-co-mtdr-price-target-at-33-29.html.
About Matador Resources
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.
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.