Matador Resources (NYSE:MTDR) Given New $77.00 Price Target at Mizuho

by · The Cerbat Gem

Matador Resources (NYSE:MTDR – Get Free Report) had its target price boosted by analysts at Mizuho from $74.00 to $77.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Mizuho’s price objective indicates a potential upside of 43.18% from the company’s previous close.

MTDR has been the topic of several other reports. Roth Mkm reiterated a “neutral” rating and set a $65.00 target price (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Truist Financial upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $67.00 in a research note on Tuesday, May 12th. KeyCorp boosted their price target on Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Zacks Research cut shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.08.

Check Out Our Latest Stock Report on Matador Resources

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $53.78 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The business’s fifty day moving average price is $59.61 and its two-hundred day moving average price is $50.18. Matador Resources has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 13.83 and a beta of 0.81.

Matador Resources (NYSE:MTDR – Get Free Report) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.29. The business had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.99 EPS. As a group, analysts predict that Matador Resources will post 7.36 EPS for the current fiscal year.

Institutional Trading of Matador Resources

A number of hedge funds have recently bought and sold shares of the business. Kestra Investment Management LLC raised its position in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Matador Resources in the first quarter worth $27,000. Rothschild Investment LLC lifted its holdings in Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after purchasing an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Matador Resources in the third quarter valued at $35,000. Finally, Center for Financial Planning Inc. bought a new stake in Matador Resources during the first quarter worth about $41,000. 91.98% of the stock is currently owned by institutional investors.

About Matador Resources

(Get Free Report)

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.

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