Weiss Ratings Reaffirms Hold (C-) Rating for Matador Resources (NYSE:MTDR)

Matador Resources (NYSE:MTDR)‘s stock had its “hold (c-)” rating reiterated by research analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

MTDR has been the subject of a number of other research reports. UBS Group lowered their target price on Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Mizuho lowered their target price on Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada boosted their target price on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. William Blair assumed coverage on Matador Resources in a research note on Monday, August 25th. They issued an “outperform” rating for the company. Finally, KeyCorp lowered their target price on Matador Resources from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.43.

Matador Resources Trading Up 0.5%

Shares of MTDR stock opened at $43.13 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $46.93 and a two-hundred day moving average price of $46.30. Matador Resources has a 12-month low of $35.19 and a 12-month high of $64.04. The firm has a market cap of $5.37 billion, a P/E ratio of 6.31 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results 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 return on equity of 16.53% and a net margin of 22.57%.The firm had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Insider Buying and Selling at Matador Resources

In other news, COO Christopher P. Calvert bought 1,000 shares of Matador Resources stock in a transaction on Friday, September 12th. The shares were purchased at an average price of $47.77 per share, for a total transaction of $47,770.00. Following the acquisition, the chief operating officer owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. The trade was a 2.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William Thomas Elsener bought 600 shares of Matador Resources stock in a transaction on Thursday, September 11th. The shares were purchased at an average price of $48.46 per share, for a total transaction of $29,076.00. Following the acquisition, the executive vice president directly owned 112,069 shares in the company, valued at approximately $5,430,863.74. This trade represents a 0.54% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 11,380 shares of company stock valued at $549,188 in the last 90 days. Insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MTDR. GAMMA Investing LLC grew its stake in shares of Matador Resources by 42.8% in the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company’s stock worth $138,000 after buying an additional 809 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Matador Resources by 316.2% in the 1st quarter. SG Americas Securities LLC now owns 15,484 shares of the energy company’s stock worth $791,000 after buying an additional 11,764 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Matador Resources in the 1st quarter worth approximately $28,000. Exchange Traded Concepts LLC grew its stake in shares of Matador Resources by 1,263.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,781 shares of the energy company’s stock worth $142,000 after buying an additional 2,577 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Matador Resources by 3.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company’s stock worth $555,000 after buying an additional 340 shares during the last quarter. Hedge funds and other 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.