Matador Resources (NYSE:MTDR) Hits New 12-Month Low - Should You Sell?

Matador Resources (NYSE:MTDR - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $46.03 and last traded at $46.40, with a volume of 61408 shares traded. The stock had previously closed at $47.74.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Wolfe Research upgraded 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. 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. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Finally, TD Cowen boosted their target price on Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.14.

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 business has a 50 day moving average price of $57.39 and a two-hundred day moving average price of $55.43. The company has a market cap of $5.67 billion, a P/E ratio of 6.34 and a beta of 3.17.

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Matador Resources (NYSE:MTDR - Get Free Report) last released 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). The business had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.76%. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's dividend payout ratio is currently 17.51%.

Insider Transactions at Matador Resources

In related news, Director Timothy E. Parker purchased 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the purchase, the director now directly owns 83,790 shares of the company's stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher P. Calvert purchased 1,300 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the purchase, the chief operating officer now directly owns 34,000 shares in the company, valued at $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 valued at $1,119,092. Corporate insiders own 6.10% of the company's stock.

Institutional Trading of Matador Resources

Several institutional investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC boosted its stake in Matador Resources by 53.8% during the 4th 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 last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 207 shares during the last quarter. ClearAlpha Technologies LP boosted its stake in Matador Resources by 4.3% during the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company's stock valued at $259,000 after purchasing an additional 218 shares during the last quarter. Atria Investments Inc boosted its stake in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after purchasing an additional 249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 108.5% during the 4th 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 last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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.