Matador Resources (MTDR) Rating Lowered to Hold at SunTrust Banks

SunTrust Banks lowered shares of Matador Resources (NYSE:MTDR) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat Ratings reports. They currently have $35.00 target price on the energy company’s stock, down from their prior target price of $42.00. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently weighed in on the stock. KLR Group reaffirmed a buy rating and issued a $38.00 target price on shares of Matador Resources in a research note on Monday, August 20th. Johnson Rice downgraded shares of Matador Resources from a buy rating to an accumulate rating and set a $38.00 target price for the company. in a research note on Wednesday, August 15th. BMO Capital Markets set a $34.00 target price on shares of Matador Resources and gave the stock a buy rating in a research note on Sunday, August 12th. Raymond James reaffirmed a buy rating and issued a $43.00 target price on shares of Matador Resources in a research note on Sunday, August 12th. Finally, Northland Securities set a $39.00 target price on shares of Matador Resources and gave the stock a buy rating in a research note on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Matador Resources presently has an average rating of Buy and an average target price of $37.33.

NYSE:MTDR opened at $32.06 on Monday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 44.53, a PEG ratio of 0.91 and a beta of 1.51. Matador Resources has a 12 month low of $24.04 and a 12 month high of $35.22. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, August 1st. The energy company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The company had revenue of $211.37 million during the quarter, compared to the consensus estimate of $185.07 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was up 63.1% on a year-over-year basis. research analysts predict that Matador Resources will post 1.46 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of MTDR. Mount Yale Investment Advisors LLC bought a new stake in shares of Matador Resources during the first quarter worth approximately $127,000. Cerebellum GP LLC bought a new stake in shares of Matador Resources during the second quarter worth approximately $177,000. Fortaleza Asset Management Inc. raised its stake in shares of Matador Resources by 41.2% during the second quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock worth $179,000 after buying an additional 1,740 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Matador Resources during the first quarter worth approximately $205,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Matador Resources during the second quarter worth approximately $207,000. 89.13% of the stock is owned by institutional investors and hedge funds.

Matador Resources Company Profile

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.

Featured Story: Call Option

Analyst Recommendations for Matador Resources (NYSE:MTDR)

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply