Matador Resources (NYSE:MTDR) Price Target Lowered to $86.00 at Stephens

Matador Resources (NYSE:MTDR) had its price target cut by equities researchers at Stephens from $90.00 to $86.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. Stephens’ price objective points to a potential upside of 119.33% from the company’s previous close.

MTDR has been the subject of a number of other reports. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Friday, January 3rd. Morgan Stanley lowered their price objective on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, Royal Bank of Canada cut their target price on Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $73.36.

Matador Resources Trading Down 0.5 %

Shares of Matador Resources stock opened at $39.21 on Tuesday. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $68.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $4.91 billion, a P/E ratio of 5.49 and a beta of 2.74. The company has a fifty day moving average of $49.60 and a 200 day moving average of $54.12.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. On average, sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Timothy E. Parker bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $44.67 per share, with a total value of $89,340.00. Following the transaction, the director now directly owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul W. Harvey acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $55.20 per share, with a total value of $33,120.00. Following the completion of the acquisition, the director now directly owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 21,350 shares of company stock worth $1,100,769 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

Institutional investors have recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after acquiring an additional 13,583 shares in the last quarter. Barclays PLC boosted its stake in Matador Resources by 16.1% in the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company’s stock worth $9,391,000 after purchasing an additional 26,289 shares in the last quarter. M&T Bank Corp grew its position in Matador Resources by 46.3% during the 3rd quarter. M&T Bank Corp now owns 10,426 shares of the energy company’s stock worth $515,000 after purchasing an additional 3,299 shares during the last quarter. Geode Capital Management LLC increased its stake in Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after purchasing an additional 36,921 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Matador Resources by 6.5% in the third quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company’s stock worth $252,000 after buying an additional 310 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Company Profile

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.