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

Key Points

• Matador Resources Company (NYSE:MTDR) has received an average rating of "Moderate Buy" from sixteen analysts, with thirteen recommending a buy and one a strong buy.
• The company's stock opened at $50.17 and has a market cap of $6.25 billion, with a 12-month target price averaging $67.60.
• Matador recently declared a quarterly dividend of $0.3125 per share, representing a yield of 2.5% and an annualized dividend of $1.25.

Matador Resources Company (NYSE:MTDR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $67.60.

Several research firms recently weighed in on MTDR. Mizuho reduced their target price on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company reduced their target price on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. KeyCorp increased their target price on Matador Resources from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Raymond James Financial increased their target price on Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their target price on Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran purchased 2,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $46.25 per share, for a total transaction of $92,500.00. Following the completion of the purchase, the chief executive officer directly owned 8,606 shares of the company's stock, valued at $398,027.50. The trade was a 30.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Matador Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim Investment Management Inc. increased its stake in Matador Resources by 100.7% during the second quarter. Cim Investment Management Inc. now owns 8,688 shares of the energy company's stock worth $452,000 after acquiring an additional 4,360 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Matador Resources in the second quarter valued at about $546,000. Geneos Wealth Management Inc. grew its stake in shares of Matador Resources by 58.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,399 shares of the energy company's stock valued at $67,000 after buying an additional 518 shares in the last quarter. Kestra Investment Management LLC grew its stake 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 buying an additional 358 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Matador Resources by 12.9% in the second quarter. Corient Private Wealth LLC now owns 22,235 shares of the energy company's stock valued at $1,061,000 after buying an additional 2,548 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Trading Up 0.4%

NYSE MTDR traded up $0.20 during trading hours on Friday, hitting $50.36. 875,549 shares of the company's stock were exchanged, compared to its average volume of 1,533,014. The business's 50 day moving average is $49.27 and its 200-day moving average is $47.35. Matador Resources has a 12-month low of $35.19 and a 12-month high of $64.04. The firm has a market capitalization of $6.27 billion, a P/E ratio of 7.37 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The firm had revenue of $895.31 million for the quarter, compared to the consensus estimate of $892.86 million. During the same period in the prior year, the business posted $2.05 earnings per share. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.3125 per share. The ex-dividend date is Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.5%. Matador Resources's dividend payout ratio is currently 18.30%.

Matador Resources Company Profile

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.