In yesterday’s Wall Street session, Matador Resources Company (NYSE:MTDR) shares traded at $51.45, up 2.37% from the previous session.
As of this writing, 16 analysts cover Matador Resources Company (NYSE:MTDR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $81.00 and a low of $60.00, we find $69.00. Given the previous closing price of $50.26, this indicates a potential upside of 37.29 percent. MTDR stock price is now 8.01% away from the 50-day moving average and -7.45% away from the 200-day moving average. The market capitalization of the company currently stands at $5.99B.
There are 5 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $69.14 as their price target over the next twelve months.
With the price target of $70, Mizuho recently initiated with Neutral rating for Matador Resources Company (NYSE: MTDR).
In other news, Foran Joseph Wm, Chairman and CEO bought 652 shares of the company’s stock on Jun 01. The stock was bought for $28,949 at an average price of $44.40. Upon completion of the transaction, the Chairman and CEO now directly owns 176,120 shares in the company, valued at $9.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, Director Ehrman Monika U bought 225 shares of the business’s stock. A total of $10,811 was incurred on buying the stock at an average price of $48.05. This leaves the insider owning 30,428 shares of the company worth $1.57 million. Insiders disposed of 1,005,068 shares of company stock worth roughly $51.71 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MTDR stock. A new stake in Matador Resources Company shares was purchased by COPELAND CAPITAL MANAGEMENT, LLC during the first quarter worth $24,690,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $23,153,000 in shares of MTDR during the first quarter. In the first quarter, JEFFERIES FINANCIAL GROUP INC. acquired a new stake in Matador Resources Company valued at approximately $9,041,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in MTDR for approximately $8,762,000. WELLINGTON MANAGEMENT GROUP LLP purchased a new stake in MTDR valued at around $8,642,000 in the second quarter. In total, there are 517 active investors with 92.80% ownership of the company’s stock.
Friday morning saw Matador Resources Company (NYSE: MTDR) opened at $50.07. During the past 12 months, Matador Resources Company has had a low of $41.17 and a high of $73.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.70, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $6.85B, which is based on a 5.28 price-to-earnings ratio, a 0.51 price-to-earnings-growth ratio, and a beta of 3.56. The fifty day moving average price for MTDR is $47.68 and a two-hundred day moving average price translates $55.57 for the stock.
The latest earnings results from Matador Resources Company (NYSE: MTDR) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.5, beating analysts’ expectations of $1.33 by 0.17. This compares to $1.73 EPS in the same period last year. The net profit margin was 38.30% and return on equity was 39.80% for MTDR. The company reported revenue of $560.28 million for the quarter, compared to $565.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.96 percent. For the current quarter, analysts expect MTDR to generate $668.08M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/11/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 1.17% percent yield. There was an ex-dividend date of 05/10/2023 for this dividend. In terms of dividend payout ratio, MTDR is presently at 4.00%.
Matador Resources Company(MTDR) 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 through 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. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations. Further, it provides natural gas processing and oil transportation services; and oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.
