Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Matador Resources from a strong sell rating to a hold rating in a research note on Friday, January 25th. Imperial Capital reissued an outperform rating and set a $33.00 target price (up previously from $31.00) on shares of Matador Resources in a research note on Monday, April 1st. SunTrust Banks raised Matador Resources from a hold rating to a buy rating and boosted their target price for the stock from $23.00 to $29.00 in a research note on Tuesday, February 19th. Raymond James set a $24.00 target price on Matador Resources and gave the stock a buy rating in a research note on Wednesday, January 23rd. Finally, Northland Securities reissued a buy rating and set a $32.00 target price on shares of Matador Resources in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $33.13.
MTDR opened at $20.82 on Friday. Matador Resources has a twelve month low of $13.97 and a twelve month high of $35.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.87. The stock has a market cap of $2.39 billion, a P/E ratio of 12.85, a PEG ratio of 0.85 and a beta of 1.87.
Several institutional investors have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. increased its stake in shares of Matador Resources by 46.4% in the first quarter. Hodges Capital Management Inc. now owns 1,063,682 shares of the energy company’s stock valued at $20,561,000 after buying an additional 337,005 shares during the period. Retirement Systems of Alabama increased its stake in shares of Matador Resources by 3.7% in the first quarter. Retirement Systems of Alabama now owns 449,842 shares of the energy company’s stock valued at $8,695,000 after buying an additional 15,999 shares during the period. Gradient Investments LLC acquired a new stake in Matador Resources during the 1st quarter valued at approximately $102,000. Fenimore Asset Management Inc. increased its position in Matador Resources by 30.6% during the 1st quarter. Fenimore Asset Management Inc. now owns 472,187 shares of the energy company’s stock valued at $9,127,000 after purchasing an additional 110,580 shares during the period. Finally, Chartwell Investment Partners LLC increased its position in Matador Resources by 43.5% during the 1st quarter. Chartwell Investment Partners LLC now owns 173,987 shares of the energy company’s stock valued at $3,363,000 after purchasing an additional 52,726 shares during the period. 93.65% of the stock is 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 in 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.
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