Matador Resources (NYSE:MTDR) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Matador Resources (NYSE:MTDR) from a sell rating to a hold rating in a research note published on Tuesday, ValuEngine reports.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus set a $22.00 price objective on Matador Resources and gave the company a buy rating in a research note on Monday, September 30th. Williams Capital restated a buy rating and issued a $26.00 target price on shares of Matador Resources in a research note on Wednesday, October 30th. Capital One Financial raised Matador Resources from an equal weight rating to an overweight rating and boosted their price target for the company from $17.00 to $22.00 in a report on Friday, October 4th. Wells Fargo & Co lowered their price objective on Matador Resources from $29.00 to $28.00 and set a market perform rating on the stock in a research report on Tuesday, November 12th. Finally, Northland Securities reaffirmed a buy rating and set a $22.00 price objective on shares of Matador Resources in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $25.27.

NYSE:MTDR traded up $0.65 during midday trading on Tuesday, reaching $14.35. 25,519 shares of the stock traded hands, compared to its average volume of 2,243,079. Matador Resources has a 12-month low of $12.16 and a 12-month high of $24.43. The business has a 50-day moving average of $14.20 and a two-hundred day moving average of $16.27. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.67. The stock has a market capitalization of $1.64 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.82 and a beta of 2.05.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. The business had revenue of $279.40 million for the quarter, compared to analyst estimates of $227.69 million. During the same quarter in the prior year, the business posted $0.48 EPS. Matador Resources’s revenue for the quarter was up 34.9% compared to the same quarter last year. Research analysts anticipate that Matador Resources will post 1.07 earnings per share for the current year.

In other Matador Resources news, CEO Joseph Wm Foran bought 10,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $13.90 per share, with a total value of $139,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have purchased 31,350 shares of company stock valued at $442,349. 6.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new stake in Matador Resources during the second quarter worth about $30,000. Marshall Wace LLP acquired a new position in shares of Matador Resources in the 1st quarter valued at $74,000. Nisa Investment Advisors LLC lifted its stake in shares of Matador Resources by 149.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock valued at $64,000 after purchasing an additional 2,310 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of Matador Resources during the 3rd quarter worth $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Matador Resources by 27.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,468 shares of the energy company’s stock worth $123,000 after purchasing an additional 1,630 shares during the last quarter. Institutional investors own 95.15% of the company’s stock.

About Matador Resources

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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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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