Brokerages Set Matador Resources (NYSE:MTDR) PT at $75.14

Matador Resources (NYSE:MTDR) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $75.14.

A number of research analysts have recently commented on MTDR shares. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Stephens upped their target price on shares of Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. TD Cowen upped their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd.

Matador Resources Trading Up 0.2 %

NYSE:MTDR opened at $57.21 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7.14 billion, a PE ratio of 7.58 and a beta of 3.22. The firm’s 50 day moving average is $58.22 and its 200 day moving average is $55.84. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Insider Transactions at Matador Resources

In related news, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the acquisition, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 2,980 shares of company stock worth $165,988 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

Institutional Trading of Matador Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd acquired a new stake in shares of Matador Resources during the 4th quarter worth about $25,000. TCTC Holdings LLC grew its position in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after buying an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after buying an additional 453 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

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.