Matador Resources (NYSE:MTDR) Upgraded to “Overweight” by Capital One Financial

Capital One Financial upgraded shares of Matador Resources (NYSE:MTDR) from an equal weight rating to an overweight rating in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have $84.00 target price on the energy company’s stock, up from their prior target price of $80.00.

A number of other analysts have also recently commented on the company. Benchmark reaffirmed a buy rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday. Stephens lowered their target price on Matador Resources from $83.00 to $81.00 and set an overweight rating for the company in a research note on Wednesday. TD Cowen increased their target price on Matador Resources from $85.00 to $87.00 and gave the stock a buy rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Matador Resources from $85.00 to $88.00 and gave the stock an overweight rating in a research note on Wednesday, July 17th. Finally, KeyCorp increased their target price on Matador Resources from $71.00 to $76.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $78.08.

Matador Resources Stock Performance

Shares of MTDR stock opened at $61.69 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.84. The stock has a market cap of $7.70 billion, a PE ratio of 8.45 and a beta of 3.29. The stock has a 50-day moving average of $60.27 and a 200-day moving average of $61.29. Matador Resources has a one year low of $51.72 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. The company had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. Matador Resources’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. As a group, sell-side analysts expect that Matador Resources will post 7.88 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, August 15th. Matador Resources’s payout ratio is presently 10.96%.

Insider Activity

In related news, EVP Bryan A. Erman acquired 1,750 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $55.90 per share, with a total value of $97,825.00. Following the acquisition, the executive vice president now owns 1,750 shares in the company, valued at approximately $97,825. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Matador Resources

Several large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC raised its stake in Matador Resources by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 37,532 shares of the energy company’s stock valued at $2,506,000 after acquiring an additional 169 shares during the period. Securian Asset Management Inc. raised its stake in Matador Resources by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after acquiring an additional 170 shares during the period. Atria Wealth Solutions Inc. increased its position in Matador Resources by 5.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock worth $221,000 after buying an additional 195 shares during the period. Raymond James Trust N.A. increased its position in Matador Resources by 3.6% during the 2nd quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock worth $341,000 after buying an additional 198 shares during the period. Finally, Covestor Ltd increased its position in Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds 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.