Matador Resources Company (NYSE:MTDR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Matador Resources a "Moderate Buy" — 16 firms cover the stock (9 buys, 6 holds, 1 strong buy) with an average 12‑month price target of about $62.62.
• Quarterly results mixed: Matador beat EPS expectations ($0.87 vs. $0.71) but revenue fell 15.7% year‑over‑year and was slightly below consensus.
• Dividend and yield: The company declared a $0.375 quarterly dividend (annualized $1.50) for a yield of roughly 2.4% and a payout ratio near 24.6%.

Shares of Matador Resources Company (NYSE:MTDR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $62.6154.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target 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. Truist Financial started coverage on shares of Matador Resources in a report on Tuesday, March 24th. They set a "hold" rating and a $60.00 price objective on the stock. TD Cowen increased their target price on shares of Matador Resources from $60.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, March 17th. Citigroup lifted their price target on shares of Matador Resources from $62.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, March 31st. Finally, BMO Capital Markets boosted their price target on Matador Resources from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, April 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Matador Resources during the first quarter worth about $27,000. Kestra Investment Management LLC grew its position in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company's stock valued at $25,000 after purchasing an additional 358 shares during the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Matador Resources in the first quarter valued at approximately $41,000. Rothschild Investment LLC increased its stake in shares of Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company's stock worth $30,000 after purchasing an additional 652 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Matador Resources during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Stock Performance

Shares of MTDR opened at $62.96 on Wednesday. The stock has a market capitalization of $7.82 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.98 and a beta of 0.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.75 and a current ratio of 0.79. Matador Resources has a 1 year low of $37.14 and a 1 year high of $66.84. The company's fifty day moving average is $58.47 and its two-hundred day moving average is $48.37.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.16. The business had revenue of $809.55 million for the quarter, compared to the consensus estimate of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The business's quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. On average, sell-side analysts predict that Matador Resources will post 7.33 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 2.4%. Matador Resources's dividend payout ratio is 24.59%.

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.

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