UBS Group Cuts Matador Resources (NYSE:MTDR) Price Target to $56.00

Matador Resources (NYSE:MTDR) had its price objective lowered by UBS Group from $62.00 to $56.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the energy company’s stock.

MTDR has been the subject of several other reports. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, June 22nd. Morgan Stanley cut their price target on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Citigroup reduced their price objective on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Truist Financial lowered their target price on shares of Matador Resources from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.08.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $51.69 on Tuesday. The firm has a fifty day moving average of $53.28 and a two-hundred day moving average of $53.22. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 13.29 and a beta of 0.74. Matador Resources has a 52 week low of $37.14 and a 52 week high of $66.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same period last year, the company earned $1.99 EPS. The firm’s revenue was down 33.8% on a year-over-year basis. As a group, equities research analysts predict that Matador Resources will post 6.84 EPS for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is currently 38.56%.

Insider Buying and Selling

In other news, CFO Christopher P. Calvert bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $53.24 per share, with a total value of $79,860.00. Following the transaction, the chief financial officer owned 41,500 shares in the company, valued at $2,209,460. This represents a 3.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran purchased 4,675 shares of Matador Resources stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $52.36 per share, with a total value of $244,783.00. Following the transaction, the chief executive officer owned 6,997 shares in the company, valued at approximately $366,362.92. The trade was a 201.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 11,907 shares of company stock worth $635,712. 5.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. V Square Quantitative Management LLC bought a new position in shares of Matador Resources in the 1st quarter valued at about $27,000. Kestra Investment Management LLC raised its holdings in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in Matador Resources during the first quarter worth about $41,000. Altshuler Shaham Ltd boosted its position in Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after purchasing an additional 201 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Matador Resources during the third quarter valued at approximately $35,000. 91.98% of the stock is owned by institutional investors.

Key Headlines Impacting Matador Resources

Here are the key news stories impacting Matador Resources this week:

• Positive Sentiment: Matador announced strategic Delaware Basin acquisitions and reported successful Woodford exploration well results, which could improve its long-term production profile and reserve base. Matador Resources Company Announces Strategic Delaware Basin Acquisitions and Successful Woodford Exploration Well Results
• Positive Sentiment: The company declared a quarterly cash dividend of $0.375 per share, reinforcing shareholder returns and signaling confidence in ongoing cash generation. Matador Resources Declares Quarterly Cash Dividend Announcement
• Neutral Sentiment: Analyst coverage remains mixed, with headlines noting conflicting sentiment across the sector and different opinions on Matador’s outlook. Analysts Have Conflicting Sentiments on These Energy Companies: Matador Resources (MTDR), Yancoal Australia (OtherYACAF) and APA (APA)
• Neutral Sentiment: Wells Fargo maintained a Hold view on Matador Resources, suggesting analysts are waiting for more clarity on execution and valuation. Matador Resources (MTDR) Gets a Hold from Wells Fargo
• Negative Sentiment: Matador agreed to acquire Paloma Permian for roughly $1.275 billion in cash, a large transaction that may pressure near-term leverage even as it expands the asset base. Matador Resources to buy Paloma Permian for $1.3 billion
• Negative Sentiment: UBS issued a pessimistic forecast for MTDR, and Citigroup lowered its price target to $68, adding to the cautious tone around the stock. UBS Group Issues Pessimistic Forecast for Matador Resources (NYSE:MTDR) Stock Price Citigroup Lowers Matador Resources (NYSE:MTDR) Price Target to $68.00

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.