Fintel reports that on June 21, 2024, Stephens & Co. initiated coverage of Matador Resources (NYSE:MTDR) with a Overweight recommendation.
Analyst Price Forecast Suggests 39.47% Upside
As of June 12, 2024, the average one-year price target for Matador Resources is 79.64. The forecasts range from a low of 62.62 to a high of $94.50. The average price target represents an increase of 39.47% from its latest reported closing price of 57.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Matador Resources is 3,373MM, an increase of 19.39%. The projected annual non-GAAP EPS is 9.50.
What is the Fund Sentiment?
There are 1,003 funds or institutions reporting positions in Matador Resources. This is an increase of 32 owner(s) or 3.30% in the last quarter. Average portfolio weight of all funds dedicated to MTDR is 0.40%, an increase of 2.30%. Total shares owned by institutions increased in the last three months by 3.38% to 139,650K shares. 
The put/call ratio of MTDR is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 5,253K shares representing 4.21% ownership of the company. In its prior filing, the firm reported owning 5,312K shares , representing a decrease of 1.12%. The firm increased its portfolio allocation in MTDR by 9.27% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,449K shares representing 2.76% ownership of the company. In its prior filing, the firm reported owning 3,363K shares , representing an increase of 2.50%. The firm increased its portfolio allocation in MTDR by 8.40% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,390K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 3,380K shares , representing an increase of 0.28%. The firm increased its portfolio allocation in MTDR by 7.36% over the last quarter.
Victory Capital Management holds 3,379K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 3,431K shares , representing a decrease of 1.51%. The firm decreased its portfolio allocation in MTDR by 8.75% over the last quarter.
Invesco holds 2,891K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 2,546K shares , representing an increase of 11.93%. The firm decreased its portfolio allocation in MTDR by 88.98% over the last quarter.
Matador Resources Background Information
(This description is provided by the company.)
Matador 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. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
