Brokerages Set Matador Resources (NYSE:MTDR) Price Target at $75.14

Shares of Matador Resources (NYSE:MTDR - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $75.14.

Several equities analysts recently issued reports on MTDR shares. TD Cowen increased their target price on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Royal Bank of Canada reissued an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Morgan Stanley started coverage on Matador Resources in a research note on Friday, January 10th. They set an "equal weight" rating and a $78.00 target price on the stock. Mizuho decreased their target price on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Friday, January 3rd.

Matador Resources Trading Up 1.2 %

Shares of Matador Resources stock traded up $0.68 during trading hours on Monday, hitting $57.10. The company's stock had a trading volume of 637,282 shares, compared to its average volume of 1,012,930. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The firm has a fifty day moving average of $58.18 and a 200-day moving average of $55.86. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 7.56 and a beta of 3.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Insider Buying and Selling

In other Matador Resources news, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, with a total value of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares of the company's stock, valued at $5,827,762.40. This represents a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 2,980 shares of company stock worth $165,988 in the last quarter. 6.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Matador Resources

Several hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in shares of Matador Resources in the fourth quarter valued at $25,000. TCTC Holdings LLC grew its position in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after purchasing an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in shares of Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

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.