Mizuho Issues Pessimistic Forecast for Matador Resources (NYSE:MTDR) Stock Price

Matador Resources (NYSE:MTDR) had its target price dropped by Mizuho from $76.00 to $74.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Mizuho’s price target would suggest a potential upside of 34.01% from the company’s current price.

Several other research analysts have also issued reports on the stock. UBS Group upped their target price on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Wells Fargo & Company upped their target price on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. KeyCorp upped their target price on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada cut their target price on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Finally, Truist Financial started coverage on shares of Matador Resources in a research report on Tuesday, March 24th. They issued a “hold” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.92.

Matador Resources Stock Down 0.6%

Shares of NYSE:MTDR opened at $55.22 on Thursday. The firm has a fifty day moving average price of $58.70 and a two-hundred day moving average price of $48.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.75. Matador Resources has a one year low of $37.14 and a one year high of $66.84. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.74 and a beta of 0.81.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. During the same period last year, the firm earned $1.99 EPS. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. Analysts anticipate that Matador Resources will post 7.28 EPS for the current fiscal year.

Institutional Trading of Matador Resources

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Matador Resources by 0.7% in the third quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock worth $664,105,000 after purchasing an additional 101,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,948,104 shares of the energy company’s stock worth $439,010,000 after purchasing an additional 277,839 shares during the last quarter. State Street Corp lifted its stake in Matador Resources by 1.9% in the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company’s stock worth $195,982,000 after purchasing an additional 86,344 shares during the last quarter. LSV Asset Management lifted its stake in Matador Resources by 8.8% in the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock worth $163,055,000 after purchasing an additional 309,708 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Matador Resources by 65.0% in the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after purchasing an additional 1,342,145 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non?operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.