Matador Resources (NYSE:MTDR) Price Target Cut to $81.00 by Analysts at Stephens

Matador Resources (NYSE:MTDR) had its price target trimmed by Stephens from $83.00 to $81.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the energy company’s stock.

Other equities analysts also recently issued reports about the company. KeyCorp boosted their price objective on Matador Resources from $71.00 to $76.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Truist Financial reduced their price objective on Matador Resources from $91.00 to $86.00 and set a buy rating for the company in a research report on Monday, July 22nd. Wolfe Research assumed coverage on Matador Resources in a research report on Thursday, July 18th. They set a peer perform rating for the company. Benchmark restated a buy rating and issued a $62.00 target price on shares of Matador Resources in a research report on Wednesday. Finally, Mizuho upped their target price on Matador Resources from $83.00 to $85.00 and gave the stock a buy rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $78.08.

Matador Resources Stock Down 0.4 %

NYSE:MTDR opened at $61.44 on Wednesday. The firm has a market capitalization of $7.67 billion, a PE ratio of 8.42 and a beta of 3.29. The stock has a 50 day moving average of $60.26 and a 200-day moving average of $61.38. Matador Resources has a 52 week low of $51.72 and a 52 week high of $71.08. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business’s revenue was up 32.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. Analysts predict that Matador Resources will post 7.93 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Insider Activity

In related news, EVP Bryan A. Erman acquired 1,750 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $55.90 per share, for a total transaction of $97,825.00. Following the transaction, the executive vice president now owns 1,750 shares of the company’s stock, valued at $97,825. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Matador Resources

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Matador Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock worth $742,797,000 after purchasing an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Matador Resources by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,028,782 shares of the energy company’s stock worth $229,083,000 after purchasing an additional 87,299 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Matador Resources by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock worth $195,064,000 after purchasing an additional 202,303 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Matador Resources by 11.8% in the first quarter. Clearbridge Investments LLC now owns 2,035,702 shares of the energy company’s stock worth $135,924,000 after purchasing an additional 215,298 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

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.