Matador Resources (NYSE:MTDR) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Matador Resources (NYSE:MTDR) from a sell rating to a hold rating in a research report report published on Tuesday, ValuEngine reports.

MTDR has been the topic of a number of other reports. Wells Fargo & Co cut their price target on Matador Resources from $29.00 to $28.00 and set a market perform rating on the stock in a report on Tuesday, November 12th. Capital One Financial upgraded Matador Resources from an equal weight rating to an overweight rating and upped their price objective for the stock from $17.00 to $22.00 in a research note on Friday, October 4th. Stifel Nicolaus set a $22.00 price objective on Matador Resources and gave the company a buy rating in a research report on Monday, September 30th. Northland Securities reiterated a buy rating and issued a $22.00 target price on shares of Matador Resources in a research note on Wednesday, October 30th. Finally, Williams Capital reiterated a buy rating and issued a $26.00 target price on shares of Matador Resources in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Matador Resources has a consensus rating of Buy and a consensus target price of $25.27.

Shares of MTDR traded up $0.51 during mid-day trading on Tuesday, hitting $14.82. The company’s stock had a trading volume of 3,350,434 shares, compared to its average volume of 2,547,109. The company’s 50-day moving average is $14.26 and its 200-day moving average is $16.18. Matador Resources has a 52-week low of $12.16 and a 52-week high of $22.40. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.82 and a beta of 2.05. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 29th. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The firm had revenue of $279.40 million for the quarter, compared to the consensus estimate of $227.69 million. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. As a group, sell-side analysts predict that Matador Resources will post 1.07 earnings per share for the current fiscal year.

In related news, CAO Robert T. Macalik bought 1,900 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $13.95 per share, for a total transaction of $26,505.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 10,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $14.30 per share, for a total transaction of $143,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 33,250 shares of company stock valued at $468,854. 6.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MTDR. Metropolitan Life Insurance Co NY grew its holdings in shares of Matador Resources by 4.6% during the third quarter. Metropolitan Life Insurance Co NY now owns 64,252 shares of the energy company’s stock valued at $1,062,000 after buying an additional 2,832 shares during the last quarter. Barclays PLC lifted its position in Matador Resources by 72.4% during the 3rd quarter. Barclays PLC now owns 454,973 shares of the energy company’s stock worth $7,521,000 after acquiring an additional 191,063 shares during the period. California State Teachers Retirement System lifted its position in Matador Resources by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 173,054 shares of the energy company’s stock worth $2,861,000 after acquiring an additional 2,066 shares during the period. Virtu Financial LLC purchased a new stake in Matador Resources during the 3rd quarter valued at about $587,000. Finally, State Street Corp grew its stake in Matador Resources by 5.2% during the 3rd quarter. State Street Corp now owns 5,832,042 shares of the energy company’s stock valued at $96,404,000 after purchasing an additional 288,152 shares during the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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