Matador Resources (NYSE:MTDR) Shares Gap Down to $68.55

Matador Resources (NYSE:MTDR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $68.55, but opened at $66.40. Matador Resources shares last traded at $66.33, with a volume of 685,314 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on MTDR. Raymond James lowered their price objective on Matador Resources from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Roth Mkm reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Matador Resources in a report on Monday. Mizuho upped their price target on Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, March 18th. StockNews.com raised Matador Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, KeyCorp lowered their target price on Matador Resources from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.30.

Matador Resources Trading Up 0.4 %

The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 9.28 and a beta of 3.33. The business has a 50 day moving average of $60.20 and a 200 day moving average of $59.00.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The company had revenue of $836.13 million for the quarter, compared to analyst estimates of $842.96 million. Matador Resources had a net margin of 30.14% and a return on equity of 21.54%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.08 EPS. On average, research analysts forecast that Matador Resources will post 6.72 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Friday, February 23rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 22nd. Matador Resources’s payout ratio is currently 11.35%.

Hedge Funds Weigh In On Matador Resources

Several large investors have recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC purchased a new position in Matador Resources during the fourth quarter worth about $434,000. PNC Financial Services Group Inc. lifted its position in Matador Resources by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company’s stock worth $614,000 after buying an additional 294 shares during the period. Vanguard Group Inc. lifted its position in Matador Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 11,020,992 shares of the energy company’s stock worth $626,654,000 after buying an additional 83,067 shares during the period. Wellington Management Group LLP lifted its position in Matador Resources by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock worth $60,572,000 after buying an additional 329,522 shares during the period. Finally, Creekmur Asset Management LLC purchased a new position in Matador Resources during the fourth quarter worth about $54,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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 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.