Matador Resources (NYSE:MTDR)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer in a research note issued to investors on Tuesday.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets set a $34.00 price target on Matador Resources and gave the stock a “buy” rating in a research report on Sunday, August 12th. Evercore ISI assumed coverage on Matador Resources in a research report on Tuesday, September 25th. They set an “in-line” rating and a $38.00 price target on the stock. SunTrust Banks downgraded Matador Resources from a “buy” rating to a “hold” rating and reduced their price target for the stock from $42.00 to $35.00 in a research report on Monday, September 24th. They noted that the move was a valuation call. ValuEngine raised Matador Resources from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, Imperial Capital raised their target price on Matador Resources from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Matador Resources currently has a consensus rating of “Buy” and a consensus price target of $37.69.

Shares of NYSE:MTDR opened at $32.07 on Tuesday. The company has a market cap of $3.85 billion, a P/E ratio of 44.54, a P/E/G ratio of 0.88 and a beta of 1.54. Matador Resources has a 1 year low of $24.04 and a 1 year high of $35.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.22.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The business 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 firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, analysts anticipate that Matador Resources will post 1.48 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Canton Hathaway LLC acquired a new stake in shares of Matador Resources in the 3rd quarter valued at $116,000. Mount Yale Investment Advisors LLC bought a new position in shares of Matador Resources in the 1st quarter valued at $127,000. Cerebellum GP LLC bought a new position in shares of Matador Resources in the 2nd quarter valued at $177,000. Fortaleza Asset Management Inc. lifted its stake in shares of Matador Resources by 41.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock valued at $179,000 after acquiring an additional 1,740 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Matador Resources in the 1st quarter valued at $205,000. 89.13% of the stock is currently owned by hedge funds and other 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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