Several other equities research analysts have also commented on MTDR. Royal Bank of Canada set a $33.00 price target on Matador Resources and gave the stock a buy rating in a research note on Friday. Imperial Capital boosted their price target on Matador Resources from $41.00 to $42.00 and gave the stock an outperform rating in a research note on Friday. Mizuho raised Matador Resources from a neutral rating to a buy rating in a research note on Tuesday, January 16th. SunTrust Banks set a $40.00 price target on Matador Resources and gave the stock a buy rating in a research note on Wednesday, January 24th. Finally, BidaskClub raised Matador Resources from a hold rating to a buy rating in a research note on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $32.71.
Matador Resources (NYSE MTDR) opened at $30.24 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.91. Matador Resources has a 52-week low of $20.13 and a 52-week high of $33.96. The stock has a market capitalization of $3,280.00, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20.
In related news, Director David M. Posner bought 1,035 shares of Matador Resources stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average price of $28.92 per share, with a total value of $29,932.20. Following the purchase, the director now owns 6,274 shares in the company, valued at $181,444.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Matador Resources by 8.2% in the 4th quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock valued at $331,028,000 after buying an additional 804,173 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Matador Resources by 49.2% during the 4th quarter. Millennium Management LLC now owns 3,570,281 shares of the energy company’s stock worth $111,143,000 after purchasing an additional 1,176,599 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Matador Resources by 216.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock worth $66,804,000 after purchasing an additional 1,682,663 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Matador Resources by 20.8% during the 4th quarter. GW&K Investment Management LLC now owns 2,160,513 shares of the energy company’s stock worth $67,257,000 after purchasing an additional 372,122 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Matador Resources by 167.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,778,002 shares of the energy company’s stock worth $55,349,000 after purchasing an additional 1,113,689 shares during the period. 85.50% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3224604/matador-resources-mtdr-given-a-40-00-price-target-at-stephens.html.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.