Matador Resources (NYSE:MTDR) Given New $78.00 Price Target at Mizuho

Matador Resources (NYSE:MTDR) had its price target hoisted by Mizuho from $76.00 to $78.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the energy company’s stock.

MTDR has been the subject of several other reports. KeyCorp upped their price target on Matador Resources from $71.00 to $76.00 and gave the stock an overweight rating in a research note on Monday. TD Cowen upped their price target on Matador Resources from $64.00 to $72.00 and gave the stock an outperform rating in a research note on Monday, March 4th. StockNews.com upgraded Matador Resources from a sell rating to a hold rating in a research note on Thursday, February 22nd. Benchmark lowered their target price on Matador Resources from $71.00 to $62.00 and set a buy rating for the company in a research report on Tuesday. Finally, Raymond James lowered their target price on Matador Resources from $76.00 to $70.00 and set an outperform rating for the company in a research report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $74.10.

Matador Resources Trading Up 0.2 %

Matador Resources stock opened at $65.29 on Wednesday. The firm has a 50 day moving average of $65.07 and a 200 day moving average of $60.12. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 8.94 and a beta of 3.32. Matador Resources has a 12-month low of $42.04 and a 12-month high of $71.08. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 21.63% and a net margin of 28.89%. The business had revenue of $787.70 million during the quarter, compared to the consensus estimate of $740.99 million. During the same period in the prior year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, research analysts predict that Matador Resources will post 7.3 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Matador Resources’s dividend payout ratio is presently 10.96%.

Institutional Trading of Matador Resources

Institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its position in Matador Resources by 82.0% in the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in Matador Resources in the fourth quarter worth $31,000. Financial Management Professionals Inc. purchased a new stake in Matador Resources in the fourth quarter worth $34,000. Rise Advisors LLC purchased a new stake in Matador Resources in the first quarter worth $34,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Matador Resources in the fourth quarter worth $35,000. 91.98% of the stock is currently owned by institutional investors.

About Matador Resources

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.