Matador Resources (NYSE:MTDR) Stock Price Down 4.8% - Here's What Happened

Key Points

• Matador Resources shares fell about 4.8% on Tuesday to around $57.40, with roughly 787,521 shares traded—about 59% below its average daily volume.
• Wall Street is broadly positive with a consensus rating of “Moderate Buy” and a $63.64 target; several firms raised price targets (Citigroup to $77, BMO to $72) and the analyst mix includes 1 Strong Buy, 10 Buy and 6 Hold ratings.
• Operationally Matador beat quarterly EPS estimates ($0.87 vs. $0.71) and revenue ($848M vs. $811M) despite revenue being down 15.7% year‑over‑year; the stock trades at a PE of 9.32 and pays a quarterly dividend of $0.375 (annualized $1.50, ~2.6% yield).

Matador Resources Company (NYSE:MTDR - Get Free Report) dropped 4.8% during mid-day trading on Tuesday . The company traded as low as $57.20 and last traded at $57.4010. Approximately 787,521 shares were traded during trading, a decline of 59% from the average daily volume of 1,930,670 shares. The stock had previously closed at $60.31.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent research reports. Truist Financial initiated coverage on shares of Matador Resources in a report on Tuesday, March 24th. They issued a "hold" rating and a $60.00 price objective on the stock. Royal Bank Of Canada dropped their price target on Matador Resources from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 13th. TD Cowen upped their price target on Matador Resources from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, March 17th. BMO Capital Markets raised their price objective on Matador Resources from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday, April 6th. Finally, Citigroup lifted their price objective on Matador Resources from $62.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.64.

Matador Resources Trading Down 5.6%

The stock has a market cap of $7.07 billion, a PE ratio of 9.32 and a beta of 0.91. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock's fifty day moving average price is $55.15 and its 200 day moving average price is $46.86.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The company had revenue of $847.99 million during the quarter, compared to analyst estimates of $811.13 million. During the same period in the previous year, the business earned $1.83 EPS. The firm's revenue for the quarter was down 15.7% on a year-over-year basis. On average, sell-side analysts forecast that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 27th. Matador Resources's dividend payout ratio is presently 24.59%.

Institutional Investors Weigh In On Matador Resources

Several large investors have recently bought and sold shares of the business. Fiduciary Trust Co lifted its stake in Matador Resources by 2.2% during the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company's stock valued at $531,000 after acquiring an additional 253 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Matador Resources by 2.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company's stock worth $388,000 after acquiring an additional 254 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Matador Resources by 3.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company's stock valued at $349,000 after purchasing an additional 278 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Matador Resources by 5.4% during the third quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company's stock valued at $253,000 after purchasing an additional 290 shares during the last quarter. Finally, Legato Capital Management LLC lifted its position in Matador Resources by 3.4% during the fourth quarter. Legato Capital Management LLC now owns 9,369 shares of the energy company's stock valued at $398,000 after purchasing an additional 305 shares during the period. 91.98% of the stock is currently owned by institutional investors.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador's core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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