Matador Resources Company (NYSE:MTDR) has been assigned a $28.00 price objective by stock analysts at Mizuho in a report released on Saturday. The brokerage currently has a “hold” rating on the energy company’s stock. Mizuho’s price objective would suggest a potential downside of 1.27% from the stock’s previous close.
MTDR has been the subject of several other research reports. Scotiabank reissued a “buy” rating and set a $26.00 price objective on shares of Matador Resources in a report on Thursday, August 3rd. Barclays PLC set a $25.00 target price on Matador Resources and gave the stock a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised Matador Resources from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $32.00 target price on shares of Matador Resources in a research note on Friday, November 10th. Finally, Royal Bank Of Canada upped their target price on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $29.75.
Matador Resources (NYSE MTDR) opened at $28.36 on Friday. Matador Resources has a twelve month low of $20.13 and a twelve month high of $29.48. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,075.56, a PE ratio of 52.52, a PEG ratio of 1.51 and a beta of 1.15.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Matador Resources’s revenue was up 42.3% on a year-over-year basis. research analysts forecast that Matador Resources will post 0.63 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in MTDR. Principal Financial Group Inc. lifted its position in Matador Resources by 7.0% in the first quarter. Principal Financial Group Inc. now owns 12,555 shares of the energy company’s stock valued at $299,000 after purchasing an additional 816 shares during the last quarter. Legal & General Group Plc lifted its position in Matador Resources by 3.7% in the first quarter. Legal & General Group Plc now owns 30,173 shares of the energy company’s stock valued at $718,000 after purchasing an additional 1,089 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Matador Resources in the second quarter valued at approximately $165,000. LS Investment Advisors LLC bought a new stake in Matador Resources in the second quarter valued at approximately $155,000. Finally, Louisiana State Employees Retirement System bought a new stake in Matador Resources in the second quarter valued at approximately $519,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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