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

Matador Resources Company (NYSE:MTDR) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.4667.

A number of research firms recently weighed in on MTDR. Stephens upped their target price on shares of Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Citigroup lowered their price target on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Stifel Nicolaus initiated coverage on shares of Matador Resources in a research report on Thursday, September 10th. They issued a “buy” rating and a $66.00 price objective on the stock. Weiss Ratings lowered shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th. Finally, Morgan Stanley decreased their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th.

Insider Buying and Selling

In related news, EVP William Elsener acquired 850 shares of Matador Resources stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $50.94 per share, for a total transaction of $43,299.00. Following the transaction, the executive vice president owned 114,879 shares of the company’s stock, valued at $5,851,936.26. This represents a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher Calvert purchased 2,500 shares of Matador Resources stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average cost of $56.64 per share, with a total value of $141,600.00. Following the completion of the transaction, the chief financial officer owned 44,000 shares of the company’s stock, valued at $2,492,160. The trade was a 6.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 23,144 shares of company stock worth $1,211,793 over the last 90 days. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTDR. BlackRock Inc. acquired a new position in Matador Resources during the second quarter worth about $573,936,000. Dimensional Fund Advisors LP grew its holdings in shares of Matador Resources by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company’s stock worth $439,010,000 after acquiring an additional 277,839 shares during the period. California State Teachers Retirement System increased its stake in Matador Resources by 5,019.7% in the 2nd quarter. California State Teachers Retirement System now owns 6,833,201 shares of the energy company’s stock valued at $340,157,000 after purchasing an additional 6,699,733 shares in the last quarter. LSV Asset Management increased its stake in Matador Resources by 8.8% in the 4th quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock valued at $163,055,000 after purchasing an additional 309,708 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Matador Resources by 103.3% during the first quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company’s stock worth $100,798,000 after purchasing an additional 810,808 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Trading Up 0.2%

MTDR opened at $61.19 on Tuesday. Matador Resources has a 12 month low of $37.14 and a 12 month high of $66.84. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 10.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. The business has a fifty day moving average price of $54.25 and a 200 day moving average price of $55.69.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.Matador Resources’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. Sell-side analysts expect that Matador Resources will post 7.55 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th were paid a $0.375 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.5%. Matador Resources’s dividend payout ratio (DPR) is currently 25.73%.

Matador Resources Company Profile

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, horizontal drilling and development activities in the United States.

Matador’s principal operations are concentrated in the Delaware Basin, a sub-basin of the Permian Basin in southeastern New Mexico and West Texas. Its activities include drilling and completing wells, producing hydrocarbons, and managing mineral and leasehold interests associated with its development programs.

Through its midstream operations, including San Mateo Midstream, Matador also provides gathering, processing, transportation and water-handling services that support oil and natural gas production in the Delaware Basin.