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

Shares of Matador Resources (NYSE:MTDR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $69.44.

A number of brokerages recently issued reports on MTDR. Stephens decreased their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $86.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Royal Bank of Canada reduced their target price on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th.

Insiders Place Their Bets

In related news, COO Christopher P. Calvert purchased 1,500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was purchased 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 now directly owns 36,500 shares in the company, valued at $1,501,245. This trade represents a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran acquired 2,500 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $39.63 per share, with a total value of $99,075.00. Following the acquisition, the chief executive officer now owns 60,756 shares in the company, valued at $2,407,760.28. The trade was a 4.29% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 14,850 shares of company stock valued at $601,103 in the last three months. 5.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the company. TCTC Holdings LLC raised its stake in 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 buying an additional 175 shares during the period. Concurrent Investment Advisors LLC raised its stake in Matador Resources by 0.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company's stock valued at $2,835,000 after acquiring an additional 244 shares during the period. Atria Investments Inc lifted its holdings in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after purchasing an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Matador Resources by 108.5% during the 4th 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 last quarter. Finally, Arizona State Retirement System boosted its position in Matador Resources by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after purchasing an additional 280 shares during the period. 91.98% of the stock is owned by institutional investors.

Matador Resources Stock Up 4.4%

NYSE:MTDR opened at $51.67 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a 12-month low of $35.19 and a 12-month high of $66.89. The stock's fifty day simple moving average is $42.93 and its 200-day simple moving average is $50.73. The firm has a market capitalization of $6.47 billion, a P/E ratio of 7.24 and a beta of 1.46.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company's quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. Equities research analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources declared that its board has authorized a share repurchase plan on Wednesday, April 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the energy company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 9th were paid a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.25 annualized dividend and a dividend yield of 2.42%. Matador Resources's dividend payout ratio is currently 16.78%.

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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