Matador Resources (NYSE:MTDR) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Matador Resources has been given a "hold (C-)" rating by Weiss Ratings, which reflects the company's current stock performance and investor sentiment.
• Price objectives for Matador Resources have seen increases from several analysts, with Morgan Stanley and Royal Bank of Canada raising their targets to $62.00, while UBS Group and KeyCorp lowered theirs.
• The company reported earnings of $1.53 per share for the last quarter, surpassing analyst estimates and showing a year-over-year revenue increase of 8.2%.

Matador Resources (NYSE:MTDR - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Morgan Stanley increased their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Royal Bank Of Canada increased their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $77.00 to $76.00 and set an "overweight" rating for the company in a research report on Monday. Finally, KeyCorp lowered their price objective on shares of Matador Resources from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Matador Resources presently has an average rating of "Moderate Buy" and an average price target of $66.43.

Matador Resources Price Performance

Shares of NYSE:MTDR traded up $0.26 during midday trading on Tuesday, reaching $43.75. 686,092 shares of the company were exchanged, compared to its average volume of 1,686,100. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The business's fifty day moving average is $47.10 and its two-hundred day moving average is $46.34. Matador Resources has a one year low of $35.19 and a one year high of $64.04. The stock has a market cap of $5.45 billion, a PE ratio of 6.40 and a beta of 1.41.

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

Insider Buying and Selling

In related news, EVP William Thomas Elsener purchased 600 shares of Matador Resources stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average price of $48.46 per share, with a total value of $29,076.00. Following the purchase, the executive vice president directly owned 112,069 shares of the company's stock, valued at approximately $5,430,863.74. This represents a 0.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Wm Foran purchased 5,000 shares of Matador Resources stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $49.17 per share, for a total transaction of $245,850.00. Following the purchase, the chief executive officer directly owned 6,606 shares in the company, valued at $324,817.02. This trade represents a 311.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 11,380 shares of company stock valued at $549,188 in the last 90 days. Company insiders own 5.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MTDR. GAMMA Investing LLC increased its position in Matador Resources by 42.8% during the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company's stock valued at $138,000 after purchasing an additional 809 shares during the period. SG Americas Securities LLC increased its position in Matador Resources by 316.2% during the 1st quarter. SG Americas Securities LLC now owns 15,484 shares of the energy company's stock valued at $791,000 after purchasing an additional 11,764 shares during the period. Opal Wealth Advisors LLC purchased a new position in Matador Resources during the 1st quarter valued at about $28,000. Exchange Traded Concepts LLC increased its position in Matador Resources by 1,263.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,781 shares of the energy company's stock valued at $142,000 after purchasing an additional 2,577 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Matador Resources by 3.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company's stock valued at $555,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

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.

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