Matador Resources (MTDR) Given a $32.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $32.00 target price on Matador Resources (NYSE:MTDR) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the energy company’s stock.

A number of other research firms have also recently commented on MTDR. BMO Capital Markets set a $29.00 target price on Matador Resources and gave the stock a buy rating in a research note on Tuesday, October 10th. Mizuho set a $28.00 target price on Matador Resources and gave the stock a hold rating in a research note on Saturday, November 25th. Imperial Capital increased their target price on Matador Resources from $35.00 to $36.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. BidaskClub raised Matador Resources from a hold rating to a buy rating in a research note on Thursday, November 9th. Finally, Northland Securities set a $35.00 target price on Matador Resources and gave the stock a buy rating in a research note on Monday, November 13th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $30.00.

Shares of Matador Resources (NYSE MTDR) opened at $30.23 on Wednesday. Matador Resources has a 12 month low of $20.13 and a 12 month high of $30.71. The company has a market capitalization of $3,244.73, a price-to-earnings ratio of 15.42, a PEG ratio of 1.41 and a beta of 1.16. 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 released its earnings results on Monday, November 6th. The energy company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Matador Resources had a return on equity of 5.99% and a net margin of 40.30%. The firm had revenue of $126.28 million for the quarter, compared to analysts’ expectations of $123.62 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 42.3% on a year-over-year basis. equities research analysts anticipate that Matador Resources will post 0.66 EPS for the current year.

In other Matador Resources news, Director David M. Posner acquired 1,035 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average cost of $28.92 per share, with a total value of $29,932.20. Following the completion of the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $181,444.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in 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 purchasing an additional 2,727 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new position in Matador Resources in the third quarter worth about $167,000. Teacher Retirement System of Texas purchased a new position in Matador Resources in the third quarter worth about $202,000. Crossmark Global Holdings Inc. purchased a new position in Matador Resources in the third quarter worth about $209,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Matador Resources in the third quarter worth about $227,000. 85.14% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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