Johnson Rice Begins Coverage on Matador Resources (MTDR)

Johnson Rice began coverage on shares of Matador Resources (NYSE:MTDR) in a report released on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $38.00 target price on the energy company’s stock.

MTDR has been the topic of a number of other research reports. Zacks Investment Research downgraded Matador Resources from a strong-buy rating to a hold rating in a research report on Wednesday, January 31st. Deutsche Bank assumed coverage on Matador Resources in a research report on Thursday, February 1st. They issued a hold rating and a $37.00 target price on the stock. Northland Securities set a $33.00 target price on Matador Resources and gave the company a buy rating in a research report on Monday, December 11th. Mizuho upgraded Matador Resources from a neutral rating to a buy rating in a research report on Tuesday, January 16th. Finally, Stephens set a $40.00 target price on Matador Resources and gave the company a buy rating in a research report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $33.24.

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Shares of MTDR stock opened at $29.11 on Wednesday. Matador Resources has a 1 year low of $20.13 and a 1 year high of $33.96. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3,190.06, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 0.82 and a beta of 1.29.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, February 21st. The energy company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Matador Resources had a return on equity of 7.11% and a net margin of 22.64%. The company had revenue of $168.40 million for the quarter, compared to the consensus estimate of $148.89 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. equities research analysts expect that Matador Resources will post 1.29 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of MTDR. Dimensional Fund Advisors LP raised its holdings in shares of Matador Resources by 216.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,532 shares of the energy company’s stock valued at $66,804,000 after buying an additional 1,682,663 shares during the period. Millennium Management LLC raised its holdings in shares of Matador Resources by 49.2% in the 4th quarter. Millennium Management LLC now owns 3,570,281 shares of the energy company’s stock valued at $111,143,000 after buying an additional 1,176,599 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Matador Resources by 167.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,778,002 shares of the energy company’s stock valued at $55,349,000 after buying an additional 1,113,689 shares during the period. BlackRock Inc. raised its holdings in shares of 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 during the period. Finally, OppenheimerFunds Inc. raised its holdings in shares of Matador Resources by 123.2% in the 4th quarter. OppenheimerFunds Inc. now owns 1,157,917 shares of the energy company’s stock valued at $36,047,000 after buying an additional 639,074 shares during the period. Hedge funds and other institutional investors own 87.59% of the company’s stock.

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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.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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