Matador Resources (NYSE:MTDR) has been assigned a $36.00 price target by Royal Bank of Canada in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the energy company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 24.48% from the company’s previous close. The analysts noted that the move was a valuation call.
MTDR has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Deutsche Bank began coverage on shares of Matador Resources in a research note on Thursday, February 1st. They issued a “hold” rating and a $37.00 price objective for the company. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a research note on Monday, December 11th. Mizuho upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Barclays upped their price objective on shares of Matador Resources from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.76.
Matador Resources (MTDR) opened at $28.92 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market cap of $3,204.26, a price-to-earnings ratio of 23.70, a P/E/G ratio of 0.83 and a beta of 1.29. Matador Resources has a 12 month low of $20.13 and a 12 month high of $33.96.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. First Trust Advisors LP raised its holdings in shares of Matador Resources by 15.5% in the third quarter. First Trust Advisors LP now owns 124,470 shares of the energy company’s stock valued at $3,379,000 after buying an additional 16,727 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Matador Resources in the third quarter valued at about $209,000. New York State Teachers Retirement System raised its holdings in shares of Matador Resources by 90.4% in the third quarter. New York State Teachers Retirement System now owns 25,700 shares of the energy company’s stock valued at $698,000 after buying an additional 12,200 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Matador Resources by 329.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 33,050 shares of the energy company’s stock valued at $897,000 after buying an additional 25,348 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Matador Resources in the third quarter valued at about $549,000. Institutional investors own 87.66% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Royal Bank of Canada Reiterates “$36.00” Price Target for Matador Resources (MTDR)” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2018/03/14/royal-bank-of-canada-reiterates-36-00-price-target-for-matador-resources-mtdr.html.
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.
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.