Matador Resources (NYSE:MTDR) PT Raised to $76.00

Matador Resources (NYSE:MTDR) had its target price increased by equities research analysts at KeyCorp from $71.00 to $76.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target indicates a potential upside of 17.63% from the stock’s current price.

MTDR has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Mizuho upped their target price on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company upped their target price on Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen upped their target price on Matador Resources from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Roth Mkm reiterated a “buy” rating and set a $66.00 target price on shares of Matador Resources in a report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.90.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $64.61 on Monday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 9.16 and a beta of 3.32. The stock’s 50-day moving average is $64.72 and its 200-day moving average is $59.98. 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 0.53, a current ratio of 1.04 and a quick ratio of 0.98.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.08 earnings per share. Equities analysts predict that Matador Resources will post 7.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in shares of Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Oakworth Capital Inc. bought a new position in shares of Matador Resources in the fourth quarter worth $31,000. Financial Management Professionals Inc. bought a new position in shares of Matador Resources in the fourth quarter worth $34,000. Rise Advisors LLC bought a new position in shares of Matador Resources in the first quarter worth $34,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Matador Resources in the fourth quarter worth $35,000. Institutional investors own 91.98% 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 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.