UBS Group Cuts Matador Resources (NYSE:MTDR) Price Target to $46.00

Key Points

• UBS Group has lowered its price target for Matador Resources (NYSE:MTDR) from $48.00 to $46.00, maintaining a "neutral" rating, indicating a potential upside of 13.30% from the stock's previous close.
• Despite the downgrade, Matador Resources has received a mix of ratings from other firms, including upgrades to "strong-buy" from TD Cowen and "outperform" from Royal Bank of Canada.
• Matador Resources reported a net margin of 20.46% and a quarterly revenue of $939.02 million, surpassing analyst expectations and showing a 4.4% year-over-year revenue increase.

Matador Resources (NYSE:MTDR - Get Free Report) had its price target lowered by equities research analysts at UBS Group from $48.00 to $46.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the energy company's stock. UBS Group's price objective points to a potential upside of 13.30% from the stock's previous close.

Several other research firms also recently weighed in on MTDR. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Matador Resources in a research note on Tuesday, October 14th. TD Cowen upgraded Matador Resources to a "strong-buy" rating in a research note on Monday, July 7th. Morgan Stanley decreased their target price on Matador Resources from $62.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 14th. Royal Bank Of Canada upped their price target on Matador Resources from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Finally, Bank of America reduced their price objective on Matador Resources from $56.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.64.

Matador Resources Trading Up 2.3%

Shares of Matador Resources stock traded up $0.92 on Thursday, reaching $40.60. 4,646,476 shares of the company's stock were exchanged, compared to its average volume of 1,740,270. The company has a market capitalization of $5.05 billion, a P/E ratio of 6.49 and a beta of 1.41. Matador Resources has a 52 week low of $35.19 and a 52 week high of $64.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. The firm's 50-day moving average is $46.51 and its two-hundred day moving average is $46.13.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.97%. The company had revenue of $939.02 million during the quarter, compared to analyst estimates of $893.22 million. Matador Resources's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS. Sell-side analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Insider Transactions at Matador Resources

In related news, EVP William Thomas Elsener acquired 600 shares of the company's stock in a transaction on Thursday, September 11th. The shares were acquired at an average cost of $48.46 per share, for a total transaction of $29,076.00. Following the purchase, the executive vice president owned 112,069 shares in the company, valued at approximately $5,430,863.74. The trade was a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher P. Calvert acquired 1,000 shares of the business's stock in a transaction on Friday, September 12th. The shares were purchased at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the completion of the acquisition, the chief operating officer directly owned 37,500 shares in the company, valued at approximately $1,791,375. The trade was a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 11,380 shares of company stock valued at $549,188 over the last ninety days. 5.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Matador Resources by 52.9% during the third quarter. SG Americas Securities LLC now owns 22,691 shares of the energy company's stock worth $1,020,000 after purchasing an additional 7,847 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Matador Resources by 64.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company's stock worth $49,459,000 after buying an additional 431,010 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Matador Resources by 4.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 19,076 shares of the energy company's stock worth $857,000 after buying an additional 797 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Matador Resources by 5.4% in the third quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company's stock valued at $253,000 after acquiring an additional 290 shares in the last quarter. Finally, CWM LLC increased its position in shares of Matador Resources by 56.4% during the third quarter. CWM LLC now owns 28,124 shares of the energy company's stock valued at $1,264,000 after acquiring an additional 10,143 shares during the last quarter. 91.98% of the stock is 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.

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