Matador Resources Co (NYSE:MTDR) has been assigned a consensus rating of “Buy” from the nineteen ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $37.73.

A number of research firms have recently weighed in on MTDR. TheStreet downgraded shares of Matador Resources from a “b-” rating to a “c+” rating in a research note on Tuesday. ValuEngine cut shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Stifel Nicolaus set a $38.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Thursday, November 1st. Oppenheimer reiterated a “buy” rating on shares of Matador Resources in a report on Wednesday, October 31st. Finally, Wells Fargo & Co decreased their price objective on shares of Matador Resources from $43.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, October 23rd.

A number of hedge funds have recently added to or reduced their stakes in the business. Elk Creek Partners LLC boosted its holdings in Matador Resources by 19.6% during the third quarter. Elk Creek Partners LLC now owns 517,529 shares of the energy company’s stock valued at $17,104,000 after acquiring an additional 84,754 shares during the period. Rafferty Asset Management LLC bought a new stake in Matador Resources during the third quarter valued at about $394,000. Wesbanco Bank Inc. bought a new stake in Matador Resources during the third quarter valued at about $208,000. American International Group Inc. boosted its holdings in Matador Resources by 2.9% during the third quarter. American International Group Inc. now owns 278,579 shares of the energy company’s stock valued at $9,207,000 after acquiring an additional 7,780 shares during the period. Finally, BlackRock Inc. boosted its holdings in Matador Resources by 4.2% during the third quarter. BlackRock Inc. now owns 12,200,714 shares of the energy company’s stock valued at $403,234,000 after acquiring an additional 493,829 shares during the period. Institutional investors own 88.19% of the company’s stock.

Shares of NYSE MTDR traded down $0.43 during mid-day trading on Monday, reaching $26.56. The company had a trading volume of 1,969,065 shares, compared to its average volume of 1,580,860. Matador Resources has a twelve month low of $25.47 and a twelve month high of $35.22. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $3.34 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 0.75 and a beta of 1.54.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The business had revenue of $207.18 million for the quarter, compared to the consensus estimate of $208.75 million. During the same period in the prior year, the business posted $0.11 earnings per share. Matador Resources’s revenue for the quarter was up 64.1% compared to the same quarter last year. As a group, analysts predict that Matador Resources will post 1.66 EPS for the current year.

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 in 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.

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Analyst Recommendations for Matador Resources (NYSE:MTDR)

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