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

Matador Resources Company (NYSE:MTDR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $69.06.

Several research firms recently issued reports on MTDR. Royal Bank Of Canada lowered their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. UBS Group began coverage on Matador Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price objective on the stock. Stephens lowered their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley lowered their price objective on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, Raymond James Financial lowered their price objective on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th.

Matador Resources Stock Down 0.4%

Shares of MTDR traded down $0.21 during mid-day trading on Friday, reaching $51.06. The company had a trading volume of 1,502,548 shares, compared to its average volume of 1,622,690. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.76 and a current ratio of 0.79. The firm has a 50-day moving average price of $43.55 and a 200 day moving average price of $50.61. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 6.85 and a beta of 1.46.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $980.87 million. During the same period in the previous year, the firm posted $1.71 EPS. The business's revenue for the quarter was up 28.7% compared to the same quarter last year. On average, sell-side analysts forecast that Matador Resources will post 8.53 EPS for the current year.

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

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 dividend on an annualized basis and a yield of 2.45%. Matador Resources's dividend payout ratio is presently 16.78%.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran bought 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were 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. This trade represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Glenn W. Stetson bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average cost of $41.53 per share, for a total transaction of $41,530.00. Following the completion of the acquisition, the executive vice president now owns 93,180 shares in the company, valued at $3,869,765.40. This trade represents a 1.08% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 14,850 shares of company stock valued at $601,103. 5.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Matador Resources

Institutional investors have recently bought and sold shares of the business. Delphi Management Inc. MA increased its stake in Matador Resources by 118.6% in the 1st quarter. Delphi Management Inc. MA now owns 23,302 shares of the energy company's stock worth $1,190,000 after buying an additional 12,642 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Matador Resources by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company's stock worth $8,088,000 after buying an additional 20,172 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Matador Resources by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company's stock worth $83,916,000 after buying an additional 56,644 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Matador Resources by 49.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 300,301 shares of the energy company's stock worth $16,895,000 after buying an additional 99,711 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Matador Resources by 23.0% during the fourth quarter. Fisher Asset Management LLC now owns 785,610 shares of the energy company's stock valued at $44,198,000 after purchasing an additional 146,922 shares in the last quarter. 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.