UBS Group Issues Pessimistic Forecast for Matador Resources (NYSE:MTDR) Stock Price

Matador Resources (NYSE:MTDR) had its price target cut by UBS Group from $49.00 to $48.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

MTDR has been the subject of several other reports. Mizuho decreased their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research note on Monday, July 7th. Wells Fargo & Company decreased their target price on shares of Matador Resources from $80.00 to $74.00 and set an “overweight” rating for the company in a research note on Monday, June 16th. Morgan Stanley upped their target price on shares of Matador Resources from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. Finally, KeyCorp upped their target price on shares of Matador Resources from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Matador Resources Price Performance

MTDR opened at $48.2730 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Matador Resources has a 52-week low of $35.19 and a 52-week high of $64.04. The company has a 50 day moving average of $49.40 and a two-hundred day moving average of $47.70. The company has a market cap of $6.01 billion, a P/E ratio of 7.07 and a beta of 1.49.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company had revenue of $895.31 million during the quarter, compared to the consensus estimate of $892.86 million. During the same period in the previous year, the firm earned $2.05 earnings per share. Matador Resources’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.6%. Matador Resources’s dividend payout ratio is currently 18.30%.

Insider Transactions at Matador Resources

In related news, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $46.25 per share, with a total value of $92,500.00. Following the completion of the acquisition, the chief executive officer directly owned 8,606 shares of the company’s stock, valued at approximately $398,027.50. The trade was a 30.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.80% of the stock is owned by corporate insiders.

Institutional Trading of Matador Resources

Several institutional investors have recently added to or reduced their stakes in MTDR. Wells Fargo & Company MN raised its holdings in shares of Matador Resources by 17.8% during the fourth quarter. Wells Fargo & Company MN now owns 45,790 shares of the energy company’s stock worth $2,576,000 after purchasing an additional 6,933 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Matador Resources during the fourth quarter worth $251,000. Mariner LLC raised its holdings in shares of Matador Resources by 6.7% during the fourth quarter. Mariner LLC now owns 25,078 shares of the energy company’s stock worth $1,411,000 after purchasing an additional 1,573 shares during the period. Marshall Wace LLP raised its holdings in shares of Matador Resources by 52.6% during the fourth quarter. Marshall Wace LLP now owns 6,374 shares of the energy company’s stock worth $359,000 after purchasing an additional 2,196 shares during the period. Finally, GeoWealth Management LLC raised its holdings in shares of Matador Resources by 7,716.7% during the fourth quarter. GeoWealth Management LLC now owns 3,752 shares of the energy company’s stock worth $211,000 after purchasing an additional 3,704 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

About Matador Resources

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.