Matador Resources' (MTDR) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Matador Resources (NYSE:MTDR - Free Report) in a report released on Friday morning,Benzinga reports. The brokerage currently has a $62.00 target price on the energy company's stock.

A number of other equities analysts have also weighed in on MTDR. Mizuho lowered 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. JPMorgan Chase & Co. lowered their price objective on Matador Resources from $77.00 to $71.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. TD Cowen raised their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Morgan Stanley started coverage on shares of Matador Resources in a research note on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.14.

Matador Resources Trading Up 0.7 %

Shares of MTDR stock traded up $0.45 during trading hours on Friday, reaching $63.83. The company had a trading volume of 925,230 shares, compared to its average volume of 865,255. The company has a 50 day moving average of $57.94 and a 200 day moving average of $56.16. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 8.45 and a beta of 3.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. On average, equities research analysts anticipate that Matador Resources will post 7.46 EPS for the current year.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the transaction, the executive vice president now directly owns 85,935 shares in the company, valued at approximately $4,411,043.55. This represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Wm Foran purchased 2,000 shares of the firm's stock in a transaction on Friday, December 6th. The stock was acquired at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the transaction, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 4,285 shares of company stock worth $232,849. Corporate insiders own 6.10% of the company's stock.

Hedge Funds Weigh In On Matador Resources

A number of hedge funds have recently bought and sold shares of MTDR. Janney Montgomery Scott LLC lifted its stake in Matador Resources by 33.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,528 shares of the energy company's stock valued at $592,000 after buying an additional 2,627 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Matador Resources by 109.1% during the 4th quarter. UMB Bank n.a. now owns 945 shares of the energy company's stock valued at $53,000 after acquiring an additional 493 shares during the period. Value Holdings Management CO. LLC boosted its stake in Matador Resources by 2.1% during the fourth quarter. Value Holdings Management CO. LLC now owns 684,008 shares of the energy company's stock worth $38,483,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Spring Capital Management LLC grew its holdings in Matador Resources by 89.5% in the fourth quarter. Spring Capital Management LLC now owns 50,827 shares of the energy company's stock worth $2,860,000 after purchasing an additional 24,000 shares during the period. 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.