Weekly Analysts’ Ratings Changes for Matador Resources (MTDR)

A number of firms have modified their ratings and price targets on shares of Matador Resources (NYSE: MTDR) recently:

• 4/26/2024 – Matador Resources had its price target raised by analysts at Truist Financial Co. from $85.00 to $87.00. They now have a “buy” rating on the stock.
• 4/24/2024 – Matador Resources had its price target raised by analysts at Mizuho from $76.00 to $78.00. They now have a “buy” rating on the stock.
• 4/23/2024 – Matador Resources had its price target lowered by analysts at Benchmark Co. from $71.00 to $62.00. They now have a “buy” rating on the stock.
• 4/22/2024 – Matador Resources had its price target raised by analysts at KeyCorp from $71.00 to $76.00. They now have an “overweight” rating on the stock.
• 4/18/2024 – Matador Resources had its price target raised by analysts at Wells Fargo & Company from $76.00 to $85.00. They now have an “overweight” rating on the stock.
• 4/11/2024 – Matador Resources had its price target raised by analysts at JPMorgan Chase & Co. from $76.00 to $77.00. They now have an “overweight” rating on the stock.
• 4/5/2024 – Matador Resources had its price target raised by analysts at Truist Financial Co. from $82.00 to $85.00. They now have a “buy” rating on the stock.
• 4/1/2024 – Matador Resources had its price target raised by analysts at Mizuho from $67.00 to $76.00. They now have a “buy” rating on the stock.
• 3/25/2024 – Matador Resources had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $66.00 price target on the stock.
• 3/18/2024 – Matador Resources had its price target raised by analysts at Mizuho from $67.00 to $76.00. They now have a “buy” rating on the stock.
• 3/7/2024 – Matador Resources had its price target raised by analysts at Wells Fargo & Company from $73.00 to $76.00. They now have an “overweight” rating on the stock.
• 3/5/2024 – Matador Resources had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.
• 3/4/2024 – Matador Resources had its price target raised by analysts at TD Cowen from $64.00 to $72.00. They now have an “outperform” rating on the stock.

Matador Resources Price Performance

Shares of NYSE:MTDR traded down $3.85 during trading on Tuesday, reaching $62.30. 1,594,093 shares of the company’s stock traded hands, compared to its average volume of 1,399,010. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. Matador Resources has a fifty-two week low of $42.04 and a fifty-two week high of $71.08. The firm has a market cap of $7.45 billion, a PE ratio of 8.53 and a beta of 3.32. The company has a 50-day simple moving average of $65.64 and a 200-day simple moving average of $60.29.

Matador Resources (NYSE:MTDR) last released its earnings results 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 business had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. As a group, analysts predict that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Institutional Trading of Matador Resources

Several hedge funds have recently bought and sold shares of MTDR. Vanguard Group Inc. lifted its position in shares of Matador Resources by 0.8% in the 4th 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. Dimensional Fund Advisors LP lifted its position in Matador Resources by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,028,782 shares of the energy company’s stock worth $229,083,000 after buying an additional 87,299 shares in the last quarter. Victory Capital Management Inc. lifted its position in Matador Resources by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock worth $195,064,000 after buying an additional 202,303 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Matador Resources by 31.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after buying an additional 531,504 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Matador Resources by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 1,820,404 shares of the energy company’s stock worth $103,508,000 after purchasing an additional 6,980 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

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.