Analysts Set Matador Resources (NYSE:MTDR) Target Price at $72.50

Shares of Matador Resources (NYSE:MTDR) have been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $73.90.

Several equities analysts recently issued reports on MTDR shares. TD Cowen boosted their target price on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, March 4th. KeyCorp boosted their target price on shares of Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday. Benchmark decreased their price target on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Mizuho lifted their price target on shares of Matador Resources from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Truist Financial lifted their price target on shares of Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 5th.

Institutional Investors Weigh In On Matador Resources

Institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC grew its position in Matador Resources by 1,500.9% in the 3rd quarter. Algert Global LLC now owns 71,240 shares of the energy company’s stock worth $4,237,000 after purchasing an additional 66,790 shares in the last quarter. Flputnam Investment Management Co. bought a new stake in Matador Resources in the 3rd quarter worth about $204,000. WCM Investment Management LLC grew its position in Matador Resources by 10.3% in the 4th quarter. WCM Investment Management LLC now owns 304,568 shares of the energy company’s stock worth $17,510,000 after purchasing an additional 28,390 shares in the last quarter. Natixis Advisors L.P. grew its position in Matador Resources by 85.4% in the 3rd quarter. Natixis Advisors L.P. now owns 134,903 shares of the energy company’s stock worth $8,024,000 after purchasing an additional 62,124 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Matador Resources by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,428,877 shares of the energy company’s stock worth $84,990,000 after purchasing an additional 33,859 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $64.71 on Tuesday. The firm has a market cap of $7.73 billion, a PE ratio of 9.18 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08. The firm’s fifty day moving average is $64.89 and its 200-day moving average is $60.05.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. Matador Resources’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.08 EPS. Sell-side analysts predict that Matador Resources will post 7.14 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s payout ratio is presently 11.35%.

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 through 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.