Matador Resources (NYSE:MTDR) PT Raised to $78.00

Matador Resources (NYSE:MTDR) had its target price hoisted by stock analysts at Mizuho from $76.00 to $78.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. Mizuho’s price objective would suggest a potential upside of 18.90% from the stock’s previous close.

MTDR has been the topic of a number of other research reports. Raymond James decreased their price target on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. Truist Financial raised their price target on Matador Resources from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Benchmark decreased their price target on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. Roth Mkm reiterated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th. Finally, KeyCorp lifted their target price on Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.10.

Matador Resources Stock Up 0.5 %

MTDR opened at $65.60 on Wednesday. Matador Resources has a fifty-two week low of $42.04 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.89. The company has a market capitalization of $7.84 billion, a P/E ratio of 8.99 and a beta of 3.32. The stock has a fifty day moving average of $65.25 and a 200-day moving average of $60.16.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. During the same quarter last year, the business earned $1.50 earnings per share. Matador Resources’s revenue was up 40.6% on a year-over-year basis. On average, equities analysts expect that Matador Resources will post 7.3 EPS for the current year.

Institutional Trading of Matador Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. Algert Global LLC grew its holdings in shares of Matador Resources by 1,500.9% during the third 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 during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Matador Resources by 31.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock worth $5,237,000 after purchasing an additional 21,924 shares during the last quarter. Flputnam Investment Management Co. bought a new stake in shares of Matador Resources during the third quarter worth about $204,000. WCM Investment Management LLC grew its holdings in shares of Matador Resources by 10.3% during the fourth 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 during the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of Matador Resources by 85.4% during the third 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 during the last quarter. 91.98% of the stock is currently owned by institutional investors.

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 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.