Stifel Nicolaus Reiterates $38.00 Price Target for Matador Resources (MTDR)

Stifel Nicolaus set a $38.00 target price on Matador Resources (NYSE:MTDR) in a research report report published on Thursday morning. The firm currently has a buy rating on the energy company’s stock.

MTDR has been the topic of several other reports. TheStreet upgraded shares of Matador Resources from a c+ rating to a b rating in a report on Tuesday, July 17th. Imperial Capital upped their price target on shares of Matador Resources from $43.00 to $45.00 and gave the company an outperform rating in a report on Friday, August 3rd. Northland Securities set a $39.00 price target on shares of Matador Resources and gave the company a buy rating in a report on Friday, August 3rd. Raymond James reiterated a buy rating and set a $43.00 price target on shares of Matador Resources in a report on Sunday, August 12th. Finally, BMO Capital Markets set a $34.00 price target on shares of Matador Resources and gave the company a buy rating in a report on Sunday, August 12th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $37.47.

Shares of Matador Resources stock traded down $1.54 during trading hours on Thursday, reaching $27.38. The company’s stock had a trading volume of 3,000,455 shares, compared to its average volume of 1,444,762. Matador Resources has a one year low of $25.47 and a one year high of $35.22. The company has a quick ratio of 1.17, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. The company has a market cap of $3.19 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.73 and a beta of 1.54.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The firm had revenue of $207.18 million for the quarter, compared to the consensus estimate of $208.75 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 64.1% on a year-over-year basis. As a group, sell-side analysts expect that Matador Resources will post 1.58 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MTDR. JPMorgan Chase & Co. boosted its position in Matador Resources by 49.0% in the 1st quarter. JPMorgan Chase & Co. now owns 101,235 shares of the energy company’s stock valued at $3,028,000 after buying an additional 33,306 shares during the period. Russell Investments Group Ltd. boosted its position in Matador Resources by 24.3% in the 1st quarter. Russell Investments Group Ltd. now owns 40,375 shares of the energy company’s stock valued at $1,208,000 after buying an additional 7,882 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Matador Resources in the 1st quarter valued at about $205,000. Legal & General Group Plc boosted its position in Matador Resources by 20.8% in the 1st quarter. Legal & General Group Plc now owns 101,834 shares of the energy company’s stock valued at $3,046,000 after buying an additional 17,535 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Matador Resources by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 471,773 shares of the energy company’s stock valued at $14,111,000 after buying an additional 17,886 shares during the period. 88.37% of the stock is owned by institutional investors.

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.

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