Shares of Matador Resources (NYSE:MTDR - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $38.78 and last traded at $38.55, with a volume of 943230 shares trading hands. The stock had previously closed at $44.57.

A number of research analysts recently issued reports on the stock. Stephens boosted their target price on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Benchmark restated a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Raymond James lowered their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $76.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Matador Resources currently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Check Out Our Latest Research Report on MTDR

The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.86 billion, a PE ratio of 5.45 and a beta of 3.17. The firm has a 50-day moving average price of $53.22 and a two-hundred day moving average price of $54.85.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Research analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. This is an increase from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 3.22%. Matador Resources's dividend payout ratio is presently 17.51%.

In other news, Director Paul W. Harvey acquired 600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $55.20 per share, with a total value of $33,120.00. Following the completion of the acquisition, the director now owns 27,917 shares of the company's stock, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Van H. Singleton II bought 2,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the purchase, the insider now directly owns 289,135 shares of the company's stock, valued at $15,384,873.35. This trade represents a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 21,350 shares of company stock valued at $1,100,769 in the last ninety days. 6.10% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock worth $706,375,000 after purchasing an additional 187,633 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Matador Resources by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company's stock valued at $306,313,000 after acquiring an additional 30,184 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Matador Resources by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after acquiring an additional 555,245 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock worth $99,297,000 after acquiring an additional 36,921 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Matador Resources by 18.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company's stock worth $93,952,000 after purchasing an additional 258,958 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

(Get Free Report)

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.

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