Matador Resources (NYSE:MTDR) Stock Price Up 2.6%

Matador Resources (NYSE:MTDR – Get Rating)’s stock price rose 2.6% during mid-day trading on Wednesday . The stock traded as high as $48.70 and last traded at $48.52. Approximately 261,942 shares changed hands during trading, a decline of 80% from the average daily volume of 1,293,801 shares. The stock had previously closed at $47.28.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTDR. Benchmark decreased their price objective on Matador Resources from $75.00 to $71.00 in a report on Tuesday, April 18th. Roth Capital reaffirmed a “buy” rating on shares of Matador Resources in a research report on Friday, February 17th. Mizuho cut their price target on shares of Matador Resources from $72.00 to $66.00 in a research report on Friday, March 10th. KeyCorp cut their price objective on shares of Matador Resources from $73.00 to $67.00 in a research report on Monday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Matador Resources from $73.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 14th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.56.

Matador Resources Trading Down 5.8 %

The company has a market cap of $5.47 billion, a PE ratio of 4.70 and a beta of 3.54. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $47.48 and a two-hundred day moving average of $55.74.

Matador Resources (NYSE:MTDR – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The energy company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.24 by $0.26. The company had revenue of $502.90 million during the quarter, compared to the consensus estimate of $514.24 million. Matador Resources had a net margin of 38.33% and a return on equity of 37.11%. Matador Resources’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same period last year, the firm earned $2.32 EPS. As a group, sell-side analysts predict that Matador Resources will post 6.8 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, May 10th. Matador Resources’s payout ratio is 6.15%.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran acquired 2,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was purchased at an average cost of $48.77 per share, for a total transaction of $97,540.00. Following the acquisition, the chief executive officer now owns 171,468 shares of the company’s stock, valued at $8,362,494.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Timothy E. Parker bought 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average cost of $43.52 per share, for a total transaction of $195,840.00. Following the acquisition, the director now directly owns 71,636 shares of the company’s stock, valued at approximately $3,117,598.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $48.77 per share, with a total value of $97,540.00. Following the completion of the acquisition, the chief executive officer now directly owns 171,468 shares in the company, valued at $8,362,494.36. The disclosure for this purchase can be found here. Insiders acquired a total of 12,525 shares of company stock worth $560,646 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Matador Resources

Several institutional investors have recently bought and sold shares of MTDR. Money Concepts Capital Corp raised its position in Matador Resources by 202.6% during the 4th quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after purchasing an additional 462 shares during the last quarter. Versant Capital Management Inc bought a new position in Matador Resources during the 1st quarter valued at approximately $35,000. Rockefeller Capital Management L.P. raised its position in Matador Resources by 46.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after purchasing an additional 242 shares during the last quarter. Parallel Advisors LLC raised its position in Matador Resources by 52.0% during the 1st quarter. Parallel Advisors LLC now owns 836 shares of the energy company’s stock valued at $40,000 after purchasing an additional 286 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in Matador Resources during the 4th quarter valued at approximately $57,000. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Company Profile

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Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.