A number of other research analysts also recently commented on the stock. Royal Bank Of Canada reaffirmed a buy rating and set a $28.00 price objective on shares of Matador Resources in a research report on Thursday, July 20th. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the company a buy rating in a research report on Monday, July 17th. BidaskClub raised shares of Matador Resources from a hold rating to a buy rating in a research report on Wednesday, July 19th. Imperial Capital initiated coverage on shares of Matador Resources in a research report on Tuesday, July 18th. They set an outperform rating and a $32.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $33.00 price objective on shares of Matador Resources in a research report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $29.33.
Shares of Matador Resources (NYSE:MTDR) opened at $27.06 on Tuesday. Matador Resources has a 1-year low of $20.13 and a 1-year high of $29.48. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2,930.00, a P/E ratio of 51.31, a PEG ratio of 1.56 and a beta of 1.14.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Matador Resources had a net margin of 40.30% and a return on equity of 5.99%. The firm had revenue of $126.28 million for the quarter, compared to the consensus estimate of $123.62 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue was up 42.3% on a year-over-year basis. analysts forecast that Matador Resources will post 0.59 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of MTDR. Advisor Group Inc. lifted its stake in shares of Matador Resources by 164.4% in the third quarter. Advisor Group Inc. now owns 4,386 shares of the energy company’s stock worth $119,000 after buying an additional 2,727 shares during the last quarter. Dubuque Bank & Trust Co. lifted its stake in shares of Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after buying an additional 275 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in shares of Matador Resources in the second quarter worth $155,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Matador Resources in the second quarter worth $165,000. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of Matador Resources in the third quarter worth $167,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
Matador Resources Company Profile
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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