Matador Resources (NYSE:MTDR) Price Target Increased to $78.00 by Analysts at Mizuho

Matador Resources (NYSE:MTDR) had its price objective hoisted by equities research analysts at Mizuho from $76.00 to $78.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Mizuho’s price target indicates a potential upside of 18.90% from the stock’s previous close.

A number of other analysts have also recently issued reports on MTDR. TD Cowen increased their price objective on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Raymond James dropped their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Benchmark dropped their price objective on Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company increased their price objective on Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, KeyCorp increased their price objective on Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.10.

Matador Resources Stock Up 0.5 %

Shares of NYSE MTDR opened at $65.60 on Wednesday. Matador Resources has a one year low of $42.04 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.98. The business’s fifty day moving average price is $65.25 and its 200-day moving average price is $60.16. The stock has a market capitalization of $7.84 billion, a PE ratio of 8.99 and a beta of 3.32.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The firm had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $740.99 million. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that Matador Resources will post 7.3 EPS for the current year.

Institutional Trading of Matador Resources

Institutional investors and hedge funds have recently modified their holdings of the business. AE Wealth Management LLC bought a new position in shares of Matador Resources during the 3rd quarter valued at about $297,000. SG Americas Securities LLC bought a new position in shares of Matador Resources during the 3rd quarter valued at about $2,626,000. Summit Global Investments bought a new position in shares of Matador Resources during the 3rd quarter valued at about $240,000. Simplicity Solutions LLC bought a new position in shares of Matador Resources during the 3rd quarter valued at about $236,000. Finally, Hunter Perkins Capital Management LLC increased its position in shares of Matador Resources by 41.9% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 8,800 shares of the energy company’s stock valued at $523,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

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 through 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.