Matador Resources (MTDR) Reaches New 1-Year High and Low at $34.23

Matador Resources (NYSE:MTDR) shares reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $34.23 and last traded at $32.89, with a volume of 749446 shares. The stock had previously closed at $33.72.

Several research firms have recently commented on MTDR. Stifel Nicolaus set a $37.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday. SunTrust Banks set a $42.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a report on Monday, April 16th. Royal Bank of Canada set a $39.00 price objective on shares of Matador Resources and gave the company a “buy” rating in a report on Friday, April 13th. ValuEngine upgraded shares of Matador Resources from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Johnson Rice initiated coverage on shares of Matador Resources in a report on Wednesday, March 21st. They issued a “buy” rating and a $38.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $33.69.

The stock has a market cap of $3,607.39, a price-to-earnings ratio of 46.38, a PEG ratio of 0.92 and a beta of 1.20. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.46.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after acquiring an additional 1,617 shares in the last quarter. Strs Ohio grew its position in Matador Resources by 125.9% in the 4th quarter. Strs Ohio now owns 6,100 shares of the energy company’s stock valued at $189,000 after acquiring an additional 3,400 shares in the last quarter. Creative Planning acquired a new position in Matador Resources in the 4th quarter valued at about $201,000. Driehaus Capital Management LLC acquired a new position in Matador Resources in the 4th quarter valued at about $202,000. Finally, Shelton Capital Management acquired a new position in Matador Resources in the 4th quarter valued at about $222,000. 87.74% of the stock is owned by institutional investors.

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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 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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