Truist Financial Raises Matador Resources (NYSE:MTDR) Price Target to $85.00

Matador Resources (NYSE:MTDR - Free Report) had its target price increased by Truist Financial from $82.00 to $85.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the energy company's stock.

Several other brokerages also recently commented on MTDR. Mizuho upped their target price on shares of Matador Resources from $67.00 to $76.00 and gave the company a buy rating in a research note on Monday. Benchmark lowered their price objective 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. Roth Mkm reissued a buy rating and set a $66.00 price objective on shares of Matador Resources in a research report on Monday, March 25th. StockNews.com raised shares of Matador Resources from a sell rating to a hold rating in a research report on Thursday, February 22nd. Finally, KeyCorp lowered their price objective on shares of Matador Resources from $76.00 to $71.00 and set an overweight rating for the company in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Matador Resources presently has an average rating of Moderate Buy and an average target price of $72.20.

Matador Resources Trading Up 1.1 %

NYSE:MTDR traded up $0.79 during trading hours on Friday, hitting $69.97. The stock had a trading volume of 1,716,319 shares, compared to its average volume of 1,357,250. Matador Resources has a one year low of $42.04 and a one year high of $70.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 9.92 and a beta of 3.32. The business's 50 day moving average is $62.12 and its 200-day moving average is $59.31.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.05). Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. During the same period in the previous year, the company posted $2.08 EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts anticipate that Matador Resources will post 6.67 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 1.14%. Matador Resources's payout ratio is currently 11.35%.

Institutional Investors Weigh In On Matador Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC increased its stake in Matador Resources by 1,500.9% in the 3rd quarter. Algert Global LLC now owns 71,240 shares of the energy company's stock valued at $4,237,000 after buying an additional 66,790 shares during the last quarter. Flputnam Investment Management Co. bought a new position in shares of Matador Resources in the 3rd quarter valued at about $204,000. Natixis Advisors L.P. grew its position in shares of Matador Resources by 85.4% in the 3rd quarter. Natixis Advisors L.P. now owns 134,903 shares of the energy company's stock valued at $8,024,000 after acquiring an additional 62,124 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Matador Resources by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,428,877 shares of the energy company's stock valued at $84,990,000 after acquiring an additional 33,859 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Matador Resources in the 3rd quarter valued at about $33,720,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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.