Matador Resources (NYSE:MTDR) Price Target Raised to $83.00

Matador Resources (NYSE:MTDR - Get Free Report) had its price objective boosted by equities research analysts at Mizuho from $78.00 to $83.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the energy company's stock. Mizuho's price target suggests a potential upside of 32.02% from the stock's current price.

A number of other analysts have also recently issued reports on the company. Roth Mkm reiterated a "buy" rating and set a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of Matador Resources from $76.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their price objective on shares of Matador Resources from $76.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Tuesday, March 5th. Finally, KeyCorp boosted their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, April 22nd. One 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, the company has an average rating of "Moderate Buy" and a consensus target price of $74.80.

Matador Resources Trading Down 1.7 %

MTDR traded down $1.10 during trading hours on Monday, reaching $62.87. 1,025,140 shares of the company's stock traded hands, compared to its average volume of 1,367,590. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.84 billion, a PE ratio of 8.61 and a beta of 3.33. Matador Resources has a 52-week low of $42.52 and a 52-week high of $71.08. The firm has a 50-day moving average price of $65.96 and a 200 day moving average price of $60.26.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.32. The company had revenue of $787.70 million during the quarter, compared to analysts' expectations of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The firm's revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, sell-side analysts predict that Matador Resources will post 7.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Matador Resources

Large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its stake in Matador Resources by 82.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company's stock valued at $26,000 after acquiring an additional 200 shares during the period. Covestor Ltd increased its stake in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company's stock valued at $28,000 after purchasing an additional 227 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Matador Resources in the 4th quarter valued at $31,000. Financial Management Professionals Inc. acquired a new stake in Matador Resources in the fourth quarter valued at $34,000. Finally, Rise Advisors LLC purchased a new stake in Matador Resources during the 1st quarter worth about $34,000. 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.