Matador Resources (NYSE:MTDR) Stock Price Down 5.1% - Time to Sell?

Matador Resources (NYSE:MTDR - Get Free Report) shares were down 5.1% on Friday . The company traded as low as $55.05 and last traded at $55.13. Approximately 176,379 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,504,585 shares. The stock had previously closed at $58.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTDR shares. Wells Fargo & Company decreased their price target on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. Royal Bank of Canada reissued an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a report on Friday. Truist Financial lowered their target price on Matador Resources from $86.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. cut their price target on Matador Resources from $77.00 to $71.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Finally, Benchmark reissued a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.08.

Matador Resources Trading Down 4.8 %

The firm's 50 day moving average is $55.00 and its 200 day moving average is $56.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The company has a market cap of $6.90 billion, a PE ratio of 7.32 and a beta of 3.26.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. On average, equities analysts anticipate that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.81%. Matador Resources's payout ratio is presently 13.25%.

Insiders Place Their Bets

In other news, EVP Glenn W. Stetson purchased 1,000 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $51.33 per share, with a total value of $51,330.00. Following the completion of the purchase, the executive vice president now directly owns 85,935 shares in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Gaines Baty acquired 500 shares of Matador Resources stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $50.58 per share, for a total transaction of $25,290.00. Following the completion of the transaction, the director now directly owns 67,617 shares in the company, valued at approximately $3,420,067.86. The trade was a 0.74 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 5,605 shares of company stock valued at $282,406 in the last quarter. Corporate insiders own 6.10% of the company's stock.

Institutional Investors Weigh In On Matador Resources

Hedge funds have recently made changes to their positions in the business. Denver PWM LLC increased its holdings 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. American Trust grew its position in Matador Resources by 60.9% during the 3rd quarter. American Trust now owns 5,630 shares of the energy company's stock worth $278,000 after acquiring an additional 2,130 shares during the last quarter. Franklin Resources Inc. increased its stake in Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock worth $54,122,000 after purchasing an additional 107,827 shares during the period. Synovus Financial Corp lifted its position in Matador Resources by 32.1% in the third quarter. Synovus Financial Corp now owns 22,753 shares of the energy company's stock valued at $1,124,000 after purchasing an additional 5,529 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Matador Resources in the third quarter valued at approximately $423,000. 91.98% of the stock is currently owned by institutional investors.

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.