Matador Resources (NYSE:MTDR) Sets New 52-Week Low at $50.98

Matador Resources (NYSE:MTDR) shares reached a new 52-week low on Monday . The company traded as low as $50.98 and last traded at $51.88, with a volume of 34698 shares. The stock had previously closed at $54.58.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Wolfe Research initiated coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. KeyCorp lifted their target price on Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Wednesday, July 24th. Finally, Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $78.17.

Matador Resources Stock Down 2.9 %

The firm’s 50-day moving average is $60.05 and its two-hundred day moving average is $61.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $6.61 billion, a P/E ratio of 7.48 and a beta of 3.29.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The company’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. On average, equities research analysts anticipate that Matador Resources will post 7.87 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. Matador Resources’s dividend payout ratio is 10.96%.

Insiders Place Their Bets

In other Matador Resources news, EVP Bryan A. Erman purchased 1,750 shares of the stock in a transaction on Friday, June 14th. The stock was bought at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the acquisition, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at $97,825. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

Institutional Trading of Matador Resources

Institutional investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its position in Matador Resources by 32.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 5,747 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Matador Resources by 31.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock valued at $5,237,000 after acquiring an additional 21,924 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in Matador Resources by 310,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock worth $884,000 after acquiring an additional 15,546 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Matador Resources during the first quarter valued at approximately $828,000. Finally, Prevail Innovative Wealth Advisors LLC grew its stake in Matador Resources by 28.6% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after purchasing an additional 8,254 shares in the last quarter. 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.