Matador Resources (NYSE:MTDR) Stock Price Expected to Rise, UBS Group Analyst Says

Matador Resources (NYSE:MTDR) had its price objective boosted by equities research analysts at UBS Group from $50.00 to $52.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the energy company’s stock. UBS Group’s target price would indicate a potential downside of 7.75% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Monday, February 9th. Mizuho raised their price objective on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company cut shares of Matador Resources from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $61.00 to $47.00 in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. Finally, Morgan Stanley reduced their target price on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.82.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $56.37 on Thursday. The stock has a fifty day moving average price of $46.20 and a two-hundred day moving average price of $44.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.75 and a current ratio of 0.79. The firm has a market cap of $7.00 billion, a P/E ratio of 9.24 and a beta of 1.07. Matador Resources has a 1 year low of $35.19 and a 1 year high of $56.55.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The company had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a return on equity of 12.36% and a net margin of 20.54%.The company’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 EPS. Research analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Institutional Trading of Matador Resources

A number of hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after acquiring an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Matador Resources in the 2nd quarter worth approximately $255,000. Envestnet Asset Management Inc. grew its position in Matador Resources by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 329,226 shares of the energy company’s stock worth $15,711,000 after purchasing an additional 24,323 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Matador Resources by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,062 shares of the energy company’s stock worth $862,000 after purchasing an additional 732 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.