Matador Resources (NYSE:MTDR) Price Target Raised to $85.00 at Wells Fargo & Company

Matador Resources (NYSE:MTDR) had its price target hoisted by Wells Fargo & Company from $76.00 to $85.00 in a research report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Other research analysts have also recently issued research reports about the stock. Benchmark cut their target price on shares of Matador Resources from $71.00 to $62.00 and set a buy rating for the company in a research note on Thursday, January 25th. StockNews.com upgraded shares of Matador Resources from a sell rating to a hold rating in a research note on Thursday, February 22nd. TD Cowen lifted their target price on shares of Matador Resources from $64.00 to $72.00 and gave the company an outperform rating in a research note on Monday, March 4th. Mizuho boosted their price objective on shares of Matador Resources from $67.00 to $76.00 and gave the stock a buy rating in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources currently has an average rating of Moderate Buy and a consensus target price of $73.40.

Matador Resources Stock Down 1.4 %

NYSE MTDR opened at $64.73 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $64.52 and its two-hundred day moving average is $59.86. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 9.18 and a beta of 3.32. Matador Resources has a 1-year low of $42.04 and a 1-year high of $71.08.

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

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s payout ratio is 11.35%.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Parkside Financial Bank & Trust raised its position in shares of Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Matador Resources during the 4th quarter valued at $31,000. Financial Management Professionals Inc. bought a new stake in shares of Matador Resources during the 4th quarter valued at $34,000. Rise Advisors LLC bought a new stake in shares of Matador Resources during the 1st quarter valued at $34,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matador Resources during the 4th quarter valued at $35,000. Institutional investors own 91.98% of the company’s stock.

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.