BMO Capital Markets set a $30.00 price objective on Matador Resources Company (NYSE:MTDR) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the energy company’s stock.
MTDR has been the topic of several other research reports. Scotiabank reaffirmed a buy rating and set a $26.00 price target on shares of Matador Resources in a report on Thursday, August 3rd. Barclays PLC set a $25.00 price target on shares of Matador Resources and gave the company a hold rating in a report on Wednesday, October 11th. BidaskClub raised shares of Matador Resources from a buy rating to a strong-buy rating in a report on Thursday, September 28th. SunTrust Banks, Inc. reissued a buy rating and issued a $32.00 target price on shares of Matador Resources in a report on Friday, November 10th. Finally, Northland Securities set a $33.00 target price on shares of Matador Resources and gave the stock a buy rating in a report on Monday, July 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $29.33.
Shares of Matador Resources (NYSE MTDR) traded up $0.08 during mid-day trading on Tuesday, hitting $27.06. 979,259 shares of the stock were exchanged, compared to its average volume of 1,571,200. Matador Resources has a 52-week low of $20.13 and a 52-week high of $29.48. The company has a market capitalization of $2,930.00, a price-to-earnings ratio of 51.31, a PEG ratio of 1.56 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 announced its quarterly earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. During the same period in the previous year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 42.3% on a year-over-year basis. sell-side analysts forecast that Matador Resources will post 0.59 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its holdings in Matador Resources by 164.4% in the 3rd quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock valued at $119,000 after purchasing an additional 2,727 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Matador Resources during the 3rd quarter worth $167,000. Dubuque Bank & Trust Co. raised its holdings in shares of Matador Resources by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after acquiring an additional 275 shares during the period. LS Investment Advisors LLC purchased a new position in shares of Matador Resources during the 2nd quarter worth $155,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Matador Resources during the 3rd quarter worth $202,000. 83.59% of the stock is currently owned by hedge funds and other institutional investors.
Matador Resources Company Profile
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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