Matador Resources Company (NYSE:MTDR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Matador Resources Company (NYSE:MTDR) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $64.3846.

Several brokerages have recently issued reports on MTDR. Mizuho increased their price target on shares of Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. UBS Group increased their price target on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. TD Cowen raised their target price on shares of Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Weiss Ratings cut shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Finally, Roth Mkm raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Monday, June 22nd.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the acquisition, the chief executive officer owned 11,479 shares in the company, valued at $609,190.53. The trade was a 21.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christopher P. Calvert acquired 1,500 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the acquisition, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. The trade was a 3.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 11,907 shares of company stock valued at $635,712 over the last 90 days. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in shares of Matador Resources during the 1st quarter worth approximately $27,000. Kestra Investment Management LLC lifted its position in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares during the last quarter. Center for Financial Planning Inc. purchased a new stake in Matador Resources in the first quarter valued at $41,000. Altshuler Shaham Ltd boosted its stake in Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after acquiring an additional 201 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Matador Resources in the third quarter valued at $35,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Down 0.2%

Shares of MTDR opened at $49.80 on Thursday. The stock has a market capitalization of $6.18 billion, a PE ratio of 12.80 and a beta of 0.75. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The company’s 50-day simple moving average is $55.79 and its 200-day simple moving average is $52.02.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. The business had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business’s quarterly revenue was down 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 earnings per share. Analysts forecast that Matador Resources will post 7.45 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 3.0%. Matador Resources’s dividend payout ratio (DPR) is 38.56%.

About Matador Resources

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.