Matador Resources (MTDR) Upgraded to “Buy” at Mizuho

Matador Resources (NYSE:MTDR) was upgraded by research analysts at Mizuho to a “buy” rating in a note issued to investors on Tuesday.

MTDR has been the subject of a number of other reports. Barclays set a $25.00 price objective on Matador Resources and gave the stock a “hold” rating in a research report on Wednesday, October 11th. BidaskClub upgraded Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. SunTrust Banks restated a “buy” rating and set a $32.00 target price on shares of Matador Resources in a report on Friday, November 10th. Royal Bank of Canada raised their target price on Matador Resources from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Finally, Northland Securities set a $33.00 target price on Matador Resources and gave the stock a “buy” rating in a report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.40.

Shares of Matador Resources (MTDR) opened at $32.75 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,551.64, a PE ratio of 16.71, a P/E/G ratio of 1.09 and a beta of 1.15. Matador Resources has a 12-month low of $20.13 and a 12-month high of $33.40.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to analyst estimates of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company’s revenue was up 42.3% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. analysts anticipate that Matador Resources will post 0.66 EPS for the current year.

In related news, Director David M. Posner bought 1,035 shares of Matador Resources stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $28.92 per share, for a total transaction of $29,932.20. Following the completion of the acquisition, the director now owns 6,274 shares in the company, valued at $181,444.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Matador Resources by 164.4% during 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. bought a new position in shares of Matador Resources during the 3rd quarter valued at about $167,000. Teacher Retirement System of Texas bought a new position in shares of Matador Resources during the 3rd quarter valued at about $202,000. Crossmark Global Holdings Inc. bought a new position in shares of Matador Resources during the 3rd quarter valued at about $209,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Matador Resources during the 3rd quarter valued at about $227,000. Institutional investors and hedge funds own 85.14% of the company’s stock.

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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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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