Matador Resources (NYSE:MTDR) PT Raised to $77.00 at JPMorgan Chase & Co.

Matador Resources (NYSE:MTDR - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $76.00 to $77.00 in a research report released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the energy company's stock.

Several other equities research analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Matador Resources from a sell rating to a hold rating in a research report on Thursday, February 22nd. Roth Mkm reaffirmed a buy rating and set a $66.00 price objective on shares of Matador Resources in a research note on Monday, March 25th. Wells Fargo & Company lifted their price objective on shares of Matador Resources from $73.00 to $76.00 and gave the stock an overweight rating in a research note on Thursday, March 7th. Raymond James dropped their price objective on shares of Matador Resources from $76.00 to $70.00 and set an outperform rating for the company in a research note on Monday, January 8th. Finally, Benchmark dropped 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 note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Matador Resources currently has a consensus rating of Moderate Buy and an average target price of $72.50.

Matador Resources Stock Performance

NYSE MTDR traded down $0.59 on Thursday, reaching $69.56. 1,289,868 shares of the stock were exchanged, compared to its average volume of 1,360,210. The firm has a market capitalization of $8.31 billion, a PE ratio of 9.87 and a beta of 3.32. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. Matador Resources has a one year low of $42.04 and a one year high of $70.55. The company's 50-day simple moving average is $63.25 and its two-hundred day simple moving average is $59.62.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 earnings per share (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 company had revenue of $836.13 million for the quarter, compared to the consensus estimate of $842.96 million. During the same quarter in the previous year, the business earned $2.08 EPS. The company's quarterly revenue was up 18.2% on a year-over-year basis. Analysts expect that Matador Resources will post 6.88 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. Matador Resources's payout ratio is currently 11.35%.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Matador Resources in the first quarter worth about $34,000. HighPoint Advisor Group LLC acquired a new position in shares of Matador Resources during the fourth quarter valued at about $434,000. PNC Financial Services Group Inc. increased its holdings in shares of Matador Resources by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company's stock valued at $614,000 after acquiring an additional 294 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Matador Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 11,020,992 shares of the energy company's stock valued at $626,654,000 after acquiring an additional 83,067 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Matador Resources by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company's stock valued at $60,572,000 after acquiring an additional 329,522 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

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.