Matador Resources Company (NYSE:MTDR) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Matador Resources Company (NYSE:MTDR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $69.06.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Royal Bank Of Canada reduced their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. KeyCorp lowered their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, TD Cowen upgraded shares of Matador Resources to a "strong-buy" rating in a research report on Monday.

Insider Buying and Selling at Matador Resources

In related news, COO Christopher P. Calvert purchased 1,500 shares of the company's stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $41.13 per share, for a total transaction of $61,695.00. Following the completion of the purchase, the chief operating officer directly owned 36,500 shares of the company's stock, valued at approximately $1,501,245. This trade represents a 4.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson acquired 1,000 shares of the business's stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $41.53 per share, for a total transaction of $41,530.00. Following the acquisition, the executive vice president owned 93,180 shares of the company's stock, valued at $3,869,765.40. This represents a 1.08% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,850 shares of company stock worth $601,103. 5.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Matador Resources

Large investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new stake in shares of Matador Resources during the fourth quarter worth about $25,000. MCF Advisors LLC acquired a new stake in Matador Resources during the 1st quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Matador Resources by 93.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company's stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Stock Performance

Shares of MTDR stock opened at $51.29 on Thursday. The stock has a market cap of $6.42 billion, a PE ratio of 6.88 and a beta of 1.46. Matador Resources has a 52-week low of $35.19 and a 52-week high of $66.89. The business has a 50-day simple moving average of $46.38 and a 200-day simple moving average of $49.94. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.56.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.74 by $0.25. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. During the same period last year, the company earned $1.71 earnings per share. Matador Resources's quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 9th were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.44%. Matador Resources's payout ratio is 16.78%.

Matador Resources announced that its Board of Directors has approved a share buyback plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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