Matador Resources (NYSE:MTDR - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.49 and last traded at $69.37, with a volume of 702559 shares changing hands. The stock had previously closed at $68.47.
Analyst Ratings Changes
A number of research firms have issued reports on MTDR. StockNews.com raised shares of Matador Resources from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Mizuho upped their price target on shares of Matador Resources from $67.00 to $76.00 and gave the company a "buy" rating in a research report on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 price target on shares of Matador Resources in a research report on Tuesday, March 5th. Benchmark decreased their price target on shares of Matador Resources from $71.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Finally, Wells Fargo & Company increased their price objective on shares of Matador Resources from $73.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $71.30.
Read Our Latest Analysis on Matador Resources
Matador Resources Price Performance
The business's fifty day moving average is $61.83 and its 200-day moving average is $59.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. The firm has a market cap of $8.26 billion, a PE ratio of 9.81 and a beta of 3.32.
Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.05). The business had revenue of $836.13 million during the quarter, compared to analysts' expectations of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. Matador Resources's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 EPS. On average, research analysts predict that Matador Resources will post 6.67 earnings per share for the current fiscal year.
Matador Resources Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.16%. Matador Resources's payout ratio is 11.35%.
Hedge Funds Weigh In On Matador Resources
Large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Matador Resources by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,398 shares of the energy company's stock valued at $763,000 after buying an additional 738 shares in the last quarter. US Bancorp DE lifted its stake in Matador Resources by 2.1% in the first quarter. US Bancorp DE now owns 11,991 shares of the energy company's stock worth $635,000 after purchasing an additional 246 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Matador Resources by 28.6% in the first quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the energy company's stock worth $804,000 after purchasing an additional 3,373 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Matador Resources by 53.9% in the first quarter. MetLife Investment Management LLC now owns 59,058 shares of the energy company's stock worth $3,129,000 after purchasing an additional 20,684 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in Matador Resources during the 1st quarter valued at $214,000. 91.98% of the stock is currently owned by institutional investors.
Matador Resources Company Profile
(
Get Free Report)
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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