Matador Resources Co (MTDR) Target Price Issued at $32.00 by FBR & Co

Matador Resources Co (MTDR) Target Price Issued at $32.00 by FBR & Co

Matador Resources Co (NYSE:MTDR) has been given a $32.00 price objective by 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 price target suggests a potential upside of 44.21% from the stock’s previous close.

Several other brokerages also recently issued reports on MTDR. Barclays PLC boosted their price target on shares of Matador Resources from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, January 26th. Zacks Investment Research downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Friday, February 17th. Scotiabank set a $31.00 price target on shares of Matador Resources and gave the company a “buy” rating in a report on Friday, February 17th. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price target (up previously from $31.00) on shares of Matador Resources in a report on Friday, February 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Matador Resources from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $27.51.

Matador Resources (NYSE:MTDR) traded up 1.44% during midday trading on Monday, hitting $22.51. 890,757 shares of the company’s stock traded hands. Matador Resources has a 52 week low of $17.76 and a 52 week high of $28.51. The company’s market capitalization is $2.25 billion. The company has a 50 day moving average of $24.60 and a 200-day moving average of $24.32.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Wednesday, February 22nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Matador Resources had a negative net margin of 176.09% and a negative return on equity of 1.60%. The company earned $94.80 million during the quarter, compared to the consensus estimate of $90.85 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 68.7% compared to the same quarter last year. Equities research analysts predict that Matador Resources will post $0.73 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of MTDR. State Street Corp boosted its stake in shares of Matador Resources by 4.2% in the fourth quarter. State Street Corp now owns 3,280,497 shares of the energy company’s stock valued at $84,505,000 after buying an additional 131,656 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of 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 valued at $57,753,000 after buying an additional 102,421 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Matador Resources by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,202,621 shares of the energy company’s stock valued at $53,612,000 after buying an additional 129,941 shares during the period. Franklin Resources Inc. boosted its stake in shares of Matador Resources by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 2,171,730 shares of the energy company’s stock valued at $55,943,000 after buying an additional 11,450 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of 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 valued at $32,793,000 after buying an additional 299,889 shares during the period. Hedge funds and other 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.

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