Matador Resources (MTDR) Given a $43.00 Price Target at Imperial Capital

Imperial Capital set a $43.00 price target on Matador Resources (NYSE:MTDR) in a research report report published on Thursday. The firm currently has a buy rating on the energy company’s stock.

Several other equities analysts have also weighed in on MTDR. Zacks Investment Research lowered shares of Matador Resources from a buy rating to a hold rating in a research report on Tuesday, March 13th. TheStreet upgraded shares of Matador Resources from a c+ rating to a b- rating in a research report on Wednesday, May 2nd. Deutsche Bank initiated coverage on shares of Matador Resources in a research report on Thursday, February 1st. They set a hold rating and a $37.00 price target for the company. SunTrust Banks set a $42.00 price target on shares of Matador Resources and gave the company a buy rating in a research report on Monday, April 16th. Finally, Johnson Rice initiated coverage on shares of Matador Resources in a research report on Wednesday, March 21st. They set a buy rating and a $38.00 price target for the company. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Matador Resources has a consensus rating of Buy and a consensus target price of $34.33.

Shares of MTDR stock opened at $29.79 on Thursday. The stock has a market capitalization of $3.61 billion, a PE ratio of 41.38, a PEG ratio of 0.71 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.68 and a quick ratio of 0.65. Matador Resources has a one year low of $20.13 and a one year high of $35.22.



Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 2nd. The energy company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $182.00 million during the quarter, compared to the consensus estimate of $168.16 million. Matador Resources had a net margin of 23.15% and a return on equity of 8.31%. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. equities research analysts anticipate that Matador Resources will post 1.44 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of MTDR. Bank of Montreal Can boosted its position in Matador Resources by 39.4% during the fourth quarter. Bank of Montreal Can now owns 49,769 shares of the energy company’s stock worth $1,550,000 after purchasing an additional 14,059 shares during the period. Creative Planning bought a new position in Matador Resources during the fourth quarter worth about $201,000. Schwab Charles Investment Management Inc. boosted its position in Matador Resources by 7.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 461,913 shares of the energy company’s stock worth $14,380,000 after purchasing an additional 32,532 shares during the period. Strs Ohio boosted its position in Matador Resources by 125.9% during the fourth quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock worth $189,000 after purchasing an additional 3,400 shares during the period. Finally, Boston Advisors LLC bought a new position in Matador Resources during the fourth quarter worth about $633,000. Hedge funds and other institutional investors own 85.65% 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 in 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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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