Northland Securities set a $35.00 price objective on Matador Resources Company (NYSE:MTDR) in a research report sent to investors on Monday. The firm currently has a buy rating on the energy company’s stock.
Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Matador Resources from $29.00 to $30.00 and gave the company an outperform rating in a report on Monday. SunTrust Banks, Inc. reissued a buy rating and issued a $32.00 price target on shares of Matador Resources in a report on Friday. BidaskClub raised shares of Matador Resources from a hold rating to a buy rating in a report on Thursday, November 9th. Imperial Capital increased their price target on shares of Matador Resources from $35.00 to $36.00 and gave the company an outperform rating in a report on Wednesday, November 8th. Finally, Barclays PLC set a $25.00 target price on shares of Matador Resources and gave the stock a hold rating in a report on Wednesday, October 11th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $29.28.
Shares of Matador Resources (MTDR) traded down $0.58 during trading hours on Monday, reaching $28.25. 1,847,800 shares of the company traded hands, compared to its average volume of 1,577,617. Matador Resources has a twelve month low of $20.13 and a twelve month high of $29.48. The firm has a market cap of $3,010.00, a P/E ratio of 53.39, a P/E/G ratio of 1.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58.
Matador Resources (NYSE:MTDR) last issued its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The business had revenue of $126.28 million during the quarter, compared to the consensus estimate of $123.62 million. During the same period last year, the business posted $0.06 EPS. Matador Resources’s revenue was up 42.3% on a year-over-year basis. equities research analysts anticipate that Matador Resources will post 0.57 earnings per share for the current year.
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Several large investors have recently modified their holdings of MTDR. Principal Financial Group Inc. lifted its holdings in shares of Matador Resources by 7.0% during the first quarter. Principal Financial Group Inc. now owns 12,555 shares of the energy company’s stock worth $299,000 after purchasing an additional 816 shares during the period. Legal & General Group Plc lifted its holdings in shares of Matador Resources by 3.7% during the first quarter. Legal & General Group Plc now owns 30,173 shares of the energy company’s stock worth $718,000 after purchasing an additional 1,089 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Matador Resources by 1.0% during the first quarter. Vanguard Group Inc. now owns 7,060,863 shares of the energy company’s stock worth $167,978,000 after purchasing an additional 68,425 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Matador Resources by 7.1% during the first quarter. Geode Capital Management LLC now owns 689,352 shares of the energy company’s stock worth $16,399,000 after purchasing an additional 45,554 shares during the period. Finally, UBS Group AG raised its stake in Matador Resources by 3.4% during the first quarter. UBS Group AG now owns 42,343 shares of the energy company’s stock worth $1,007,000 after buying an additional 1,384 shares during the last quarter. Institutional investors own 83.59% of the company’s stock.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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