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

Shares of Matador Resources (NYSE:MTDR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $75.14.

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Morgan Stanley assumed coverage on Matador Resources in a report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price target for the company. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research note on Friday, January 3rd. BMO Capital Markets boosted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Finally, Benchmark restated a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd.

Matador Resources Price Performance

MTDR traded down $0.33 during trading on Thursday, reaching $63.29. 1,220,599 shares of the stock were exchanged, compared to its average volume of 1,194,940. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 8.38 and a beta of 3.24. The business's 50 day moving average price is $57.79 and its two-hundred day moving average price is $56.13. 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 (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to analysts' expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. As a group, equities research analysts anticipate that Matador Resources will post 7.46 earnings per share for the current year.

Insider Buying and Selling at Matador Resources

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

Institutional Investors Weigh In On Matador Resources

Several large investors have recently made changes to their positions in MTDR. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Matador Resources by 68.3% during 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. True Wealth Design LLC acquired a new position in shares of Matador Resources during the third quarter worth about $37,000. Denver PWM LLC boosted its position in shares of Matador Resources by 67.2% in the third quarter. Denver PWM LLC now owns 754 shares of the energy company's stock worth $37,000 after buying an additional 303 shares during the period. Avior Wealth Management LLC grew its stake in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after buying an additional 635 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after buying an additional 251 shares during the period. 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.