A number of other equities analysts also recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Matador Resources from $29.00 to $30.00 and gave the company an outperform rating in a research note on Monday, November 13th. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a buy rating in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Matador Resources from a hold rating to a buy rating and set a $36.00 price objective on the stock in a research note on Friday, January 19th. SunTrust Banks reiterated a buy rating and set a $32.00 price objective on shares of Matador Resources in a research note on Friday, November 10th. Finally, Imperial Capital increased their price objective on shares of Matador Resources from $35.00 to $36.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $32.71.
Matador Resources (NYSE MTDR) traded up $0.88 during midday trading on Friday, hitting $30.02. 1,358,672 shares of the stock were exchanged, compared to its average volume of 1,186,374. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.46. Matador Resources has a 1 year low of $20.13 and a 1 year high of $33.96. The company has a market capitalization of $3,160.15, a P/E ratio of 24.61, a PEG ratio of 0.69 and a beta of 1.20.
Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. The firm had revenue of $168.40 million for the quarter, compared to the consensus estimate of $148.89 million. During the same period last year, the firm earned $0.08 earnings per share. equities research analysts expect that Matador Resources will post 1.26 earnings per share for the current year.
In other news, Director David M. Posner bought 1,035 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of $28.92 per share, with a total value of $29,932.20. Following the completion of the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MTDR. Advisor Group Inc. raised its holdings in shares of Matador Resources by 164.4% in the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after buying an additional 2,727 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Matador Resources in the third quarter worth $167,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Matador Resources by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock worth $187,000 after buying an additional 1,617 shares during the last quarter. Strs Ohio raised its holdings in shares of Matador Resources by 125.9% in the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock worth $189,000 after buying an additional 3,400 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Matador Resources in the fourth quarter worth $201,000. 85.50% of the stock is owned by institutional investors and hedge funds.
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Matador Resources Company Profile
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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