FBR & Co Analysts Set Matador Resources Co (MTDR) a $32.00 Target Price

FBR & Co Analysts Set Matador Resources Co (MTDR) a $32.00 Target Price

Matador Resources Co (NYSE:MTDR) has been assigned a $32.00 price target by stock analysts at FBR & Co in a research report issued on Monday. The brokerage currently has a “buy” rating on the energy company’s stock. FBR & Co’s target price suggests a potential upside of 44.21% from the company’s previous close.

MTDR has been the subject of a number of other reports. Deutsche Bank AG started coverage on shares of Matador Resources in a report on Monday, November 28th. They set a “hold” rating and a $25.68 price target for the company. Royal Bank of Canada raised their price target on shares of Matador Resources from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Tudor Pickering started coverage on shares of Matador Resources in a report on Friday, January 20th. They set a “buy” rating for the company. KLR Group lowered shares of Matador Resources from an “accumulate” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Monday, November 28th. Finally, Canaccord Genuity reissued a “hold” rating and set a $24.00 price objective on shares of Matador Resources in a report on Thursday, January 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.51.

Shares of Matador Resources (NYSE:MTDR) traded up 1.40% during midday trading on Monday, hitting $22.50. 782,762 shares of the stock were exchanged. Matador Resources has a 12-month low of $17.76 and a 12-month high of $28.51. The firm has a 50-day moving average price of $24.60 and a 200-day moving average price of $24.32. The company’s market cap is $2.25 billion.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, February 22nd. The energy company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. The business earned $94.80 million during the quarter, compared to analyst estimates of $90.85 million. Matador Resources had a negative net margin of 176.09% and a negative return on equity of 1.60%. The business’s revenue was up 68.7% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. On average, equities analysts predict that Matador Resources will post $0.73 EPS for the current year.

In other Matador Resources news, Director Kenneth L. Stewart purchased 10,000 shares of Matador Resources stock in a transaction dated Tuesday, February 28th. The shares were bought at an average cost of $24.23 per share, for a total transaction of $242,300.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $242,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Julia P. Forrester purchased 2,000 shares of Matador Resources stock in a transaction dated Monday, February 27th. The stock was acquired at an average price of $24.72 per share, for a total transaction of $49,440.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $49,440. The disclosure for this purchase can be found here. Company insiders own 12.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Matador Resources by 4.2% in the fourth quarter. State Street Corp now owns 3,280,497 shares of the energy company’s stock worth $84,505,000 after buying an additional 131,656 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Matador Resources by 4.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,241,949 shares of the energy company’s stock worth $57,753,000 after buying an additional 102,421 shares during the last quarter. BlackRock Fund Advisors increased its position in Matador Resources by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,202,621 shares of the energy company’s stock worth $53,612,000 after buying an additional 129,941 shares during the last quarter. Franklin Resources Inc. increased its position in Matador Resources by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 2,171,730 shares of the energy company’s stock worth $55,943,000 after buying an additional 11,450 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Matador Resources by 28.6% in the third quarter. Victory Capital Management Inc. now owns 1,347,311 shares of the energy company’s stock worth $32,793,000 after buying an additional 299,889 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.

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 segment is oil and natural gas exploration and production.

Related posts

Leave a Comment