Matador Resources (MTDR) Given a $33.00 Price Target at Northland Securities

Matador Resources (NYSE:MTDR) received a $33.00 price target from stock analysts at Northland Securities in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the energy company’s stock. Northland Securities’ price objective indicates a potential upside of 19.52% from the company’s current price.

MTDR has been the subject of several other reports. Mizuho set a $28.00 price objective on Matador Resources and gave the stock a “hold” rating in a report on Saturday, November 25th. Barclays set a $25.00 price objective on Matador Resources and gave the stock a “hold” rating in a report on Wednesday, October 11th. BidaskClub cut Matador Resources from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Scotiabank reaffirmed a “buy” rating on shares of Matador Resources in a report on Tuesday, September 26th. Finally, Imperial Capital lifted their price objective on Matador Resources from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $29.88.

Matador Resources (MTDR) traded down $0.24 on Monday, hitting $27.61. The stock had a trading volume of 2,821,700 shares, compared to its average volume of 1,546,189. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2,994.22, a PE ratio of 51.13, a P/E/G ratio of 1.35 and a beta of 1.16. Matador Resources has a 1-year low of $20.13 and a 1-year high of $29.76.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Monday, November 6th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. The firm had revenue of $126.28 million during the quarter, compared to analysts’ expectations of $123.62 million. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. Matador Resources’s revenue was up 42.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. sell-side analysts expect that Matador Resources will post 0.63 EPS for the current fiscal year.

In related news, Director David M. Posner purchased 1,035 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of $28.92 per share, with a total value of $29,932.20. Following the completion of the acquisition, the director now directly owns 6,274 shares in the company, valued at approximately $181,444.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.90% of the company’s stock.

Several large investors have recently made changes to their positions in MTDR. BlackRock Inc. grew its position in shares of Matador Resources by 53.9% in the second quarter. BlackRock Inc. now owns 10,186,099 shares of the energy company’s stock valued at $217,677,000 after purchasing an additional 3,566,950 shares during the period. Neuberger Berman Group LLC grew its position in shares of Matador Resources by 88.5% in the second quarter. Neuberger Berman Group LLC now owns 4,959,286 shares of the energy company’s stock valued at $105,980,000 after purchasing an additional 2,328,250 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Matador Resources by 216.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after purchasing an additional 1,682,663 shares during the period. State Street Corp grew its position in shares of Matador Resources by 40.5% in the second quarter. State Street Corp now owns 4,756,810 shares of the energy company’s stock valued at $101,655,000 after purchasing an additional 1,370,196 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Matador Resources by 126.3% in the second quarter. Bank of New York Mellon Corp now owns 1,142,808 shares of the energy company’s stock valued at $24,422,000 after purchasing an additional 637,703 shares during the period. 85.37% of the stock is owned by institutional investors and hedge funds.

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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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