The equity research analysts at MKM Partners repeated their advice that investors “buy” Matador Resources in a report distributed on Wednesday. The study was distributed by MKM Partners (NYSE: MTDR-Get Rating). In recent times, several qualified industry experts have supplied the corporation with written evaluations of their findings regarding the business. Beginning on Monday, KeyCorp began adding Matador Resources to the research reports it generates for its clients. They gave the company an “overweight” rating and anticipated a price of $72.00 for the company’s stock. Matador Resources went from having a “buy” rating on StockNews.com’s recommended list to having a “hold” rating as of May 24th, the day after the website’s update.
Eight financial industry professionals have suggested that investors buy company shares, while only two have suggested that investors keep the same amount of stock in their portfolios. According to data provided by MarketBeat, the business now carries a rating of “Moderate Buy” from the investing community and has an average price target of $62.44. NYSE: MTDR started the trading day on Wednesday for $55.39 per share. The company presently holds a beta value of 3.64, a market capitalization worth $6.54 billion, and a PE ratio of 6.36. In the past year, the price of Matador Resources has ranged from a low of $29.05 to a high of $67.78. The current price of the company is $29.05 per share. The stock now has a simple moving average of $55.99 for the past 50 days, and its simple moving average for the past 200 days is $54.34. There is debt equal to 0.48 times the value of the equity, 1.31 times the value of the current assets, and 1.39 times the value of the liquid assets.
On Tuesday, July 26th, Matador Resources (NYSE: MTDR-Get Rating) made public the firm’s most recent quarterly results report. The oil industry announced earnings per share for the quarter of $3.47, which was $0.31 higher than the consensus estimate of $3.16 analysts provided. In addition, the amount of money made during the quarter by the company was $943.93 million, which was a lot more than the average estimate of $829.21 million for the amount of money that would be made during the quarter. The return on equity for Matador Resources was 43.58 percent, while the company’s net margin was 40.886 percent. The same period the year before resulted in the corporation generating profits per share of $1.02 each. According to the forecasts of market experts, Matador Resources is expected to generate earnings of 11.05 dollars per share during the current fiscal year, as stated by the forecasts of market experts.
During the most recent period, several institutional investors engaged in purchasing and selling transactions involving company shares. BlackRock Inc. boosted its holdings in Matador Resources by 5.2% during the first three months of 2018. BlackRock Inc. currently holds a total ownership interest in the energy company’s stock valued at $952,080,000 and consists of 17,970,538 shares. This ownership stake was achieved due to the firm’s purchasing an additional 884,810 shares during the most recent quarter. Vanguard Group Inc. increased the amount of its investment in Matador Resources by 4.8% during the first quarter of the year. The energy company’s stock is now owned by Vanguard Group Inc. in the amount of 12,422,915 shares, following the acquisition of an additional 567,557 shares during the period in question. The price of each share is currently calculated to be $658,165,000. During the first three months of 2018, State Street Corporation achieved a 7.0% rise in the proportion of Matador Resources stock it owned.
State Street Corp has a total position of 5,777,669 shares of the energy company’s stock, with a market value of $306,101,000. This is after the firm purchased an additional 377,853 shares during the most recent quarter. During the first three months of 2018, Invesco Ltd. increased its holdings of Matador Resources stock by 82.9 percent. After making an additional purchase of 1,979,904 shares of the energy company’s stock during the quarter, Invesco Ltd. now has a total holding of 4,367,715 shares of the company’s stock, which is currently valued at $231,403,000. This brings the total number of shares owned by the firm to 4,367,715. And finally, during the second quarter, Price T. Rowe Associates, Inc. MD raised the amount of its total investment in Matador Resources by 3.2%. Price T. Rowe Associates Inc. MD now owns a total of 4,326,071 shares of the energy company’s stock after making an additional purchase of 135,179 shares during the most recent quarter.
Based on current market prices, the total value of Price T. Rowe Associates, Inc. MD’s stock holdings is approximately $201,552,000. In all, 88.32% of the company’s stock is held within institutions’ portfolios. The Matador Resources Company is an independent energy firm based in the United States and is involved in the exploration, development, production, and acquisition of oil and gas reserves. The company operates throughout the United States. Two distinct departments are responsible for the company’s day-to-day operations: the midstream and exploration and production departments. The majority of the company’s holdings can be found in West Texas and Southeast New Mexico, especially in the Wolfcamp and Bone Spring plays of the Delaware Basin.