Matador Resources Company (NYSE:MTDR) had its price target lifted by Royal Bank Of Canada from $29.00 to $30.00 in a research report report published on Monday. The brokerage currently has an outperform rating on the energy company’s stock.
MTDR has been the topic of several other reports. Scotiabank reaffirmed a buy rating and set a $26.00 target price on shares of Matador Resources in a research report on Thursday, August 3rd. Barclays PLC set a $25.00 price objective on Matador Resources and gave the company a hold rating in a report on Wednesday, October 11th. BidaskClub raised Matador Resources from a buy rating to a strong-buy rating in a report on Thursday, September 28th. SunTrust Banks, Inc. reissued a buy rating and issued a $32.00 price objective on shares of Matador Resources in a report on Friday. Finally, Northland Securities set a $33.00 price objective on Matador Resources and gave the company a buy rating in a report on Monday, July 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $29.28.
Shares of Matador Resources (NYSE:MTDR) traded down $0.58 during trading hours on Monday, reaching $28.25. The company had a trading volume of 1,847,800 shares, compared to its average volume of 1,577,617. Matador Resources has a 12 month low of $20.13 and a 12 month high of $29.48. The firm has a market cap of $3,010.00, a price-to-earnings ratio of 53.39, a P/E/G ratio of 1.68 and a beta of 1.14. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.
Matador Resources (NYSE:MTDR) last announced its earnings results on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The company had revenue of $126.28 million for the quarter, compared to analyst estimates of $123.62 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 42.3% compared to the same quarter last year. equities analysts predict that Matador Resources will post 0.57 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. grew its holdings in Matador Resources by 164.4% during the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after acquiring an additional 2,727 shares during the period. Dubuque Bank & Trust Co. grew its holdings in Matador Resources by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after acquiring an additional 275 shares during the period. LS Investment Advisors LLC purchased a new position in Matador Resources during the second quarter worth approximately $155,000. Oregon Public Employees Retirement Fund purchased a new position in Matador Resources during the second quarter worth approximately $165,000. Finally, Fortaleza Asset Management Inc. purchased a new position in Matador Resources during the third quarter worth approximately $167,000. 83.59% of the stock is currently owned by hedge funds and other institutional investors.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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