Matador Resources (NYSE:MTDR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Matador Resources (NYSE:MTDR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $75.14.

A number of equities research analysts have recently weighed in on MTDR shares. Benchmark reiterated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Truist Financial lifted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Mizuho dropped their price target on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Royal Bank of Canada restated an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th.

Insider Transactions at Matador Resources

In other news, CAO Robert T. Macalik acquired 1,200 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now directly owns 31,000 shares in the company, valued at approximately $1,487,380. This represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher P. Calvert acquired 1,300 shares of the business's stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the transaction, the chief operating officer now owns 34,000 shares in the company, valued at approximately $1,875,780. The trade was a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 21,530 shares of company stock worth $1,119,092. 6.10% of the stock is currently owned by insiders.

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Institutional Trading of Matador Resources

Several large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Matador Resources during the 4th quarter valued at approximately $7,529,000. American Trust lifted its stake in shares of Matador Resources by 11.5% in the 4th quarter. American Trust now owns 6,280 shares of the energy company's stock valued at $353,000 after purchasing an additional 650 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Matador Resources in the 4th quarter valued at $1,988,000. Neo Ivy Capital Management acquired a new position in shares of Matador Resources in the 4th quarter valued at $3,705,000. Finally, GTS Securities LLC grew its holdings in shares of Matador Resources by 157.7% in the fourth quarter. GTS Securities LLC now owns 20,184 shares of the energy company's stock valued at $1,136,000 after purchasing an additional 12,353 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Up 1.1 %

Shares of NYSE MTDR traded up $0.48 during mid-day trading on Friday, hitting $45.27. The company had a trading volume of 2,017,925 shares, compared to its average volume of 1,275,039. The company has a market capitalization of $5.67 billion, a PE ratio of 6.34 and a beta of 3.17. The firm has a 50-day simple moving average of $57.21 and a two-hundred day simple moving average of $55.35. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a one year low of $43.89 and a one year high of $71.08.

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

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.76%. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

About Matador Resources

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.