Analysts Set Matador Resources (NYSE:MTDR) Target Price at $72.50

Shares of Matador Resources (NYSE:MTDR) have received an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is $73.40.

A number of equities research analysts have recently issued reports on MTDR shares. KeyCorp dropped their target price on shares of Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. JPMorgan Chase & Co. raised their target price on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TD Cowen increased their price target on shares of Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Wells Fargo & Company increased their price target on shares of Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Roth Mkm restated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research report on Monday, March 25th.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $64.73 on Tuesday. The firm has a market cap of $7.74 billion, a PE ratio of 9.18 and a beta of 3.32. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. Matador Resources has a 1-year low of $42.04 and a 1-year high of $71.08. The company has a fifty day moving average price of $64.52 and a 200 day moving average price of $59.86.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The company had revenue of $836.13 million during the quarter, compared to analyst estimates of $842.96 million. During the same period in the previous year, the company posted $2.08 earnings per share. Matador Resources’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts predict that Matador Resources will post 7.04 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s dividend payout ratio (DPR) is currently 11.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC raised its stake in shares of Matador Resources by 1,500.9% in the third quarter. Algert Global LLC now owns 71,240 shares of the energy company’s stock worth $4,237,000 after purchasing an additional 66,790 shares during the last quarter. Flputnam Investment Management Co. purchased a new stake in shares of Matador Resources during the third quarter valued at approximately $204,000. WCM Investment Management LLC increased its position in shares of Matador Resources by 10.3% during the fourth quarter. WCM Investment Management LLC now owns 304,568 shares of the energy company’s stock valued at $17,510,000 after acquiring an additional 28,390 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of Matador Resources by 85.4% during the third quarter. Natixis Advisors L.P. now owns 134,903 shares of the energy company’s stock valued at $8,024,000 after acquiring an additional 62,124 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Matador Resources by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,428,877 shares of the energy company’s stock valued at $84,990,000 after acquiring an additional 33,859 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

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.