Matador Resources (NYSE:MTDR – Get Rating) had its price objective cut by KeyCorp from $79.00 to $73.00 in a research note issued to investors on Thursday, The Fly reports. They currently have an overweight rating on the energy company's stock.

MTDR has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on Matador Resources from $71.00 to $67.00 and set an overweight rating on the stock in a research note on Friday, October 14th. StockNews.com began coverage on shares of Matador Resources in a report on Wednesday, October 12th. They set a hold rating on the stock. Raymond James boosted their target price on shares of Matador Resources from $60.00 to $78.00 and gave the company an outperform rating in a report on Monday, October 24th. Finally, MKM Partners reissued a buy rating and set a $68.00 target price on shares of Matador Resources in a report on Wednesday, September 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of Moderate Buy and an average price target of $69.00.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $54.73 on Thursday. Matador Resources has a one year low of $33.49 and a one year high of $73.78. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 5.57 and a beta of 3.52. The business has a 50-day simple moving average of $65.01 and a 200 day simple moving average of $58.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.48 and a quick ratio of 1.46.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 9th. This represents a $0.40 annualized dividend and a yield of 0.73%. Matador Resources's payout ratio is 4.07%.

Institutional Trading of Matador Resources

Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Matador Resources by 0.4% during the second quarter. CIBC Private Wealth Group LLC now owns 52,624 shares of the energy company's stock worth $2,452,000 after purchasing an additional 186 shares during the period. SVB Wealth LLC increased its position in shares of Matador Resources by 1.8% during the third quarter. SVB Wealth LLC now owns 10,874 shares of the energy company's stock valued at $532,000 after acquiring an additional 194 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Matador Resources by 2.6% during the third quarter. Verdence Capital Advisors LLC now owns 8,095 shares of the energy company's stock valued at $396,000 after acquiring an additional 204 shares in the last quarter. US Bancorp DE increased its position in shares of Matador Resources by 2.1% during the first quarter. US Bancorp DE now owns 11,991 shares of the energy company's stock valued at $635,000 after acquiring an additional 246 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Matador Resources by 11.0% during the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the energy company's stock valued at $128,000 after acquiring an additional 271 shares in the last quarter. 88.32% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Company Profile

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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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