Stephens Lowers Matador Resources (NYSE:MTDR) Price Target to $86.00

Matador Resources (NYSE:MTDR) had its price objective decreased by stock analysts at Stephens from $90.00 to $86.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. Stephens’ price objective indicates a potential upside of 119.33% from the stock’s previous close.

A number of other research analysts have also recently commented on MTDR. Royal Bank of Canada dropped their target price on shares of Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company lowered their price objective on Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Truist Financial lifted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, TD Cowen boosted their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $73.36.

Matador Resources Stock Performance

MTDR opened at $39.21 on Tuesday. Matador Resources has a 1 year low of $35.19 and a 1 year high of $68.99. 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 company has a market capitalization of $4.91 billion, a PE ratio of 5.49 and a beta of 2.74. The business has a fifty day simple moving average of $49.60 and a 200 day simple moving average of $54.12.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Research analysts expect that Matador Resources will post 8.53 EPS for the current year.

Insider Activity at Matador Resources

In related news, insider Van H. Singleton II purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the acquisition, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. The trade was a 0.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $53.06 per share, with a total value of $53,060.00. Following the completion of the acquisition, the executive vice president now directly owns 91,680 shares of the company’s stock, valued at $4,864,540.80. The trade was a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Matador Resources

Several institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new stake in Matador Resources during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. TCTC Holdings LLC raised its holdings in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after purchasing an additional 453 shares during the period. 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.