Matador Resources (NYSE:MTDR) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Matador Resources (NYSE:MTDR) from an equal weight rating to an overweight rating in a research note published on Monday morning, Benzinga reports. They currently have $13.00 price target on the energy company’s stock, up from their previous price target of $10.00.

Several other analysts have also weighed in on the stock. Stifel Nicolaus upgraded shares of Matador Resources from a hold rating to a buy rating and lifted their target price for the company from $8.00 to $12.00 in a research report on Monday, July 20th. ValuEngine lowered shares of Matador Resources from a hold rating to a sell rating in a research report on Monday, August 3rd. TheStreet lowered shares of Matador Resources from a c- rating to a d rating in a research report on Tuesday, July 28th. Royal Bank of Canada reiterated a buy rating on shares of Matador Resources in a research report on Thursday, June 4th. Finally, SunTrust Banks lifted their target price on shares of Matador Resources from $11.00 to $12.00 and gave the company a hold rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $13.63.

NYSE:MTDR opened at $9.05 on Monday. The firm’s 50-day moving average is $9.29 and its 200-day moving average is $7.31. Matador Resources has a 52-week low of $1.11 and a 52-week high of $19.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -6.61, a PEG ratio of 6.66 and a beta of 4.80.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, July 28th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.14. Matador Resources had a negative net margin of 15.93% and a positive return on equity of 5.30%. The company had revenue of $118.80 million for the quarter, compared to the consensus estimate of $171.79 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue was down 50.8% compared to the same quarter last year. Equities analysts predict that Matador Resources will post 0.07 EPS for the current year.

Several hedge funds have recently made changes to their positions in MTDR. AQR Capital Management LLC lifted its position in shares of Matador Resources by 52,004.6% during the first quarter. AQR Capital Management LLC now owns 6,198,368 shares of the energy company’s stock worth $14,318,000 after purchasing an additional 6,186,472 shares in the last quarter. State Street Corp lifted its position in shares of Matador Resources by 18.8% during the first quarter. State Street Corp now owns 7,687,770 shares of the energy company’s stock worth $19,066,000 after purchasing an additional 1,216,449 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Matador Resources by 1,109.2% during the first quarter. Two Sigma Investments LP now owns 1,166,412 shares of the energy company’s stock worth $2,893,000 after purchasing an additional 1,069,948 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Matador Resources by 8.9% during the second quarter. Vanguard Group Inc. now owns 11,702,202 shares of the energy company’s stock worth $99,469,000 after purchasing an additional 952,853 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Matador Resources by 8,242.4% during the first quarter. Two Sigma Advisers LP now owns 960,210 shares of the energy company’s stock worth $2,381,000 after purchasing an additional 948,700 shares in the last quarter. Institutional investors own 88.05% of the company’s stock.

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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