Stephens Has Lowered Expectations for Matador Resources (NYSE:MTDR) Stock Price

Matador Resources (NYSE:MTDR - Free Report) had its target price decreased by Stephens from $90.00 to $86.00 in a research report released on Tuesday morning,Benzinga reports. Stephens currently has an overweight rating on the energy company's stock.

A number of other research firms have also weighed in on MTDR. Wells Fargo & Company cut their price objective on shares of Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. TD Cowen increased their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Raymond James dropped their target price on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Finally, Mizuho dropped their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.29.

Matador Resources Stock Up 3.3 %

NYSE MTDR traded up $1.31 during trading on Tuesday, hitting $41.44. The company's stock had a trading volume of 2,576,932 shares, compared to its average volume of 1,555,146. The company has a market cap of $5.19 billion, a PE ratio of 5.80 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The business's 50 day simple moving average is $48.21 and its 200-day simple moving average is $53.80. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.51.

Matador Resources (NYSE:MTDR - Get Free Report) last issued 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 firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. On average, equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

Insider Activity

In other Matador Resources news, Director Paul W. Harvey purchased 600 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now directly owns 27,917 shares in the company, valued at approximately $1,541,018.40. This trade represents a 2.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the completion of the acquisition, the executive vice president now owns 91,680 shares in the company, valued at $4,864,540.80. This trade represents a 1.10 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Matador Resources

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in shares of Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock valued at $1,498,000 after buying an additional 13,583 shares in the last quarter. Barclays PLC lifted its position in shares of Matador Resources by 16.1% during the third quarter. Barclays PLC now owns 190,035 shares of the energy company's stock worth $9,391,000 after purchasing an additional 26,289 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Matador Resources by 46.3% in the third quarter. M&T Bank Corp now owns 10,426 shares of the energy company's stock valued at $515,000 after purchasing an additional 3,299 shares during the period. Geode Capital Management LLC increased its stake in Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock worth $99,297,000 after buying an additional 36,921 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in Matador Resources by 6.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company's stock worth $252,000 after buying an additional 310 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.