Matador Resources (MTDR) Upgraded to Buy by Mizuho

Matador Resources (NYSE:MTDR) was upgraded by equities research analysts at Mizuho from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, January 16th, MarketBeat.com reports.

Several other equities research analysts have also issued reports on MTDR. Northland Securities restated a “buy” rating and issued a $33.00 target price on shares of Matador Resources in a research note on Tuesday, September 26th. Scotiabank reiterated a “buy” rating on shares of Matador Resources in a research report on Tuesday, September 26th. BidaskClub upgraded shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Barclays upped their price target on shares of Matador Resources from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $30.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research report on Tuesday, November 14th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Matador Resources currently has a consensus rating of “Buy” and an average target price of $31.81.

Shares of Matador Resources (NYSE MTDR) traded up $0.30 during trading on Tuesday, hitting $28.25. 1,209,805 shares of the stock were exchanged, compared to its average volume of 1,220,000. The firm has a market capitalization of $3,060.00, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.58. Matador Resources has a twelve month low of $20.13 and a twelve month high of $33.96.

In other Matador Resources news, Director David M. Posner bought 1,035 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average cost of $28.92 per share, with a total value of $29,932.20. Following the purchase, the director now owns 6,274 shares in the company, valued at $181,444.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. acquired a new stake in shares of Matador Resources in the 4th quarter valued at approximately $1,943,000. American International Group Inc. boosted its holdings in shares of Matador Resources by 8.5% in the 4th quarter. American International Group Inc. now owns 263,178 shares of the energy company’s stock valued at $8,193,000 after buying an additional 20,540 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Matador Resources in the 4th quarter valued at approximately $296,000. Royce & Associates LP boosted its holdings in shares of Matador Resources by 20.5% in the 4th quarter. Royce & Associates LP now owns 548,650 shares of the energy company’s stock valued at $17,079,000 after buying an additional 93,300 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Matador Resources by 8.2% in the 4th quarter. BlackRock Inc. now owns 10,633,736 shares of the energy company’s stock valued at $331,028,000 after buying an additional 804,173 shares during the last quarter. 85.70% of the stock is owned by institutional investors.

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About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.

Analyst Recommendations for Matador Resources (NYSE:MTDR)

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