Matador Resources (NYSE:MTDR) Reaches New 12-Month Low - Here's Why

Matador Resources (NYSE:MTDR - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $38.78 and last traded at $38.55, with a volume of 943230 shares. The stock had previously closed at $44.57.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Truist Financial increased their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Mizuho reduced their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. TD Cowen increased their price target on Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Raymond James reduced their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.79.

Matador Resources Stock Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a 50 day moving average of $51.40 and a two-hundred day moving average of $54.47. The stock has a market cap of $5.33 billion, a P/E ratio of 5.96 and a beta of 2.74.

Remove Ads

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, research analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.3125 per share. This is an increase from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.94%. Matador Resources's payout ratio is presently 17.51%.

Insider Activity at Matador Resources

In other news, CAO Robert T. Macalik bought 1,200 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the purchase, the chief accounting officer now owns 31,000 shares of the company's stock, valued at $1,487,380. This trade represents a 4.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul W. Harvey purchased 600 shares of the firm's stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the purchase, the director now directly owns 27,917 shares of the company's stock, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTDR. LSV Asset Management boosted its holdings in Matador Resources by 262.0% during the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock valued at $85,364,000 after purchasing an additional 1,098,108 shares in the last quarter. Copeland Capital Management LLC boosted its stake in Matador Resources by 145.2% in the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock valued at $72,223,000 after buying an additional 760,122 shares in the last quarter. Webs Creek Capital Management LP bought a new stake in Matador Resources in the fourth quarter valued at $37,894,000. Alliancebernstein L.P. raised its stake in Matador Resources by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock worth $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Matador Resources during the fourth quarter valued at $22,509,000. Institutional investors and hedge funds 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.