Matador Resources (NYSE:MTDR) PT Raised to $76.00

Matador Resources (NYSE:MTDR) had its target price lifted by KeyCorp from $71.00 to $76.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. KeyCorp’s price objective would suggest a potential upside of 17.63% from the company’s current price.

A number of other research analysts have also recently commented on MTDR. Raymond James lowered their target price on Matador Resources from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Tuesday, March 5th. Wells Fargo & Company raised their price objective on Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen raised their price objective on Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Truist Financial raised their price objective on Matador Resources from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

Matador Resources Trading Down 0.2 %

MTDR opened at $64.61 on Monday. The stock has a market cap of $7.72 billion, a PE ratio of 9.16 and a beta of 3.32. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $64.72 and a 200-day moving average of $59.98. Matador Resources has a 52 week low of $42.04 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last released 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 firm had revenue of $836.13 million during the quarter, compared to analysts’ expectations of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The company’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. Equities research analysts predict that Matador Resources will post 7.14 earnings per share for the current fiscal year.

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its holdings in shares of Matador Resources by 82.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Matador Resources in the 4th quarter worth $31,000. Financial Management Professionals Inc. purchased a new position in shares of Matador Resources in the 4th quarter worth $34,000. Rise Advisors LLC purchased a new position in shares of Matador Resources in the 1st quarter worth $34,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Matador Resources in the 4th quarter worth $35,000. Institutional investors own 91.98% of the company’s stock.

About Matador Resources

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.