Matador Resources (MTDR) Lifted to “Buy” at ValuEngine

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ValuEngine upgraded shares of Matador Resources (NYSE:MTDR) from a hold rating to a buy rating in a report released on Thursday, June 21st.

Other research analysts have also issued research reports about the company. TheStreet upgraded Matador Resources from a c+ rating to a b- rating in a research report on Wednesday, May 2nd. Stephens set a $40.00 target price on Matador Resources and gave the stock a buy rating in a research note on Friday, February 23rd. Royal Bank of Canada set a $33.00 target price on Matador Resources and gave the stock a buy rating in a research note on Friday, February 23rd. Zacks Investment Research raised Matador Resources from a hold rating to a buy rating and set a $32.00 price objective for the company in a research report on Saturday, March 10th. Finally, Northland Securities set a $35.00 target price on Matador Resources and gave the company a buy rating in a research report on Wednesday, March 7th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $34.73.

MTDR stock opened at $30.05 on Thursday. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 0.69 and a beta of 1.14. Matador Resources has a one year low of $20.52 and a one year high of $35.22. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.42.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, May 2nd. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $182.00 million for the quarter, compared to the consensus estimate of $168.16 million. Matador Resources had a net margin of 23.15% and a return on equity of 8.31%. The company’s revenue for the quarter was up 58.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. analysts predict that Matador Resources will post 1.44 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Matador Resources by 7.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 461,913 shares of the energy company’s stock worth $14,380,000 after acquiring an additional 32,532 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Matador Resources by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after buying an additional 1,617 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Matador Resources by 338.6% in the fourth quarter. Teacher Retirement System of Texas now owns 32,568 shares of the energy company’s stock valued at $1,014,000 after buying an additional 25,143 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Matador Resources by 5.3% in the fourth quarter. California Public Employees Retirement System now owns 318,383 shares of the energy company’s stock valued at $9,911,000 after buying an additional 15,883 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Matador Resources by 11.6% in the fourth quarter. Swiss National Bank now owns 168,202 shares of the energy company’s stock valued at $5,236,000 after buying an additional 17,500 shares in the last quarter. Hedge funds and other institutional investors own 80.46% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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