Matador Resources (NYSE:MTDR) Given New $62.00 Price Target at Benchmark

Matador Resources (NYSE:MTDR - Free Report) had its price target reduced by Benchmark from $71.00 to $62.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the energy company's stock.

A number of other equities analysts have also recently commented on MTDR. Wells Fargo & Company lifted their target price on shares of Matador Resources from $76.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday, April 18th. Raymond James decreased their price objective on shares of Matador Resources from $76.00 to $70.00 and set an outperform rating on the stock in a research report on Monday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an overweight rating in a research report on Thursday, April 11th. 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 research report on Monday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Matador Resources currently has an average rating of Moderate Buy and an average price target of $73.90.

Matador Resources Trading Up 0.8 %

NYSE:MTDR traded up $0.51 during trading hours on Tuesday, reaching $65.19. The company's stock had a trading volume of 1,409,336 shares, compared to its average volume of 1,385,314. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 9.25 and a beta of 3.32. The firm has a 50-day simple moving average of $65.07 and a 200-day simple moving average of $60.12. Matador Resources has a 1 year low of $42.04 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.04.

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 analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.08 EPS. Research analysts expect that Matador Resources will post 7.14 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources's dividend payout ratio is currently 11.35%.

Institutional Investors Weigh In On Matador Resources

Hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its stake in Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Oakworth Capital Inc. bought a new stake in Matador Resources during the fourth quarter worth about $31,000. Financial Management Professionals Inc. bought a new stake in Matador Resources during the fourth quarter worth about $34,000. Rise Advisors LLC bought a new stake in Matador Resources during the first quarter worth about $34,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Matador Resources during the fourth quarter worth about $35,000. 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.