Wall Street analysts forecast that Matador Resources Co (NYSE:MTDR) will report earnings of $0.26 per share for the current quarter, Zacks reports. Eight analysts have made estimates for Matador Resources’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.31. Matador Resources posted earnings per share of $0.37 in the same quarter last year, which would indicate a negative year over year growth rate of 29.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that Matador Resources will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.11. For the next financial year, analysts forecast that the company will report earnings of $1.25 per share, with EPS estimates ranging from $0.65 to $1.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Matador Resources.
Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 29th. The energy company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The business had revenue of $279.40 million during the quarter, compared to analyst estimates of $227.69 million. Matador Resources had a net margin of 20.35% and a return on equity of 7.51%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS.
A number of research firms recently weighed in on MTDR. Northland Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Matador Resources in a report on Wednesday, October 30th. ValuEngine raised shares of Matador Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $22.00 in a report on Friday, October 4th. Stifel Nicolaus set a $22.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Williams Capital reissued a “buy” rating and set a $26.00 price objective on shares of Matador Resources in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $26.25.
MTDR traded up $0.20 during trading hours on Tuesday, reaching $15.25. 1,832,611 shares of the stock traded hands, compared to its average volume of 2,560,329. The firm’s fifty day simple moving average is $14.87 and its two-hundred day simple moving average is $16.93. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 2.10 and a beta of 1.99. Matador Resources has a fifty-two week low of $12.16 and a fifty-two week high of $26.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.67 and a quick ratio of 0.63.
In other Matador Resources news, COO Craig N. Adams purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $14.11 per share, with a total value of $28,220.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Joseph Wm Foran purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $14.14 per share, with a total value of $113,120.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 13,584 shares of company stock valued at $191,301. 6.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in Matador Resources in the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC lifted its position in Matador Resources by 149.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,860 shares of the energy company’s stock valued at $64,000 after purchasing an additional 2,310 shares during the last quarter. Marshall Wace LLP bought a new stake in Matador Resources in the 1st quarter valued at about $74,000. Denali Advisors LLC bought a new stake in Matador Resources in the 3rd quarter valued at about $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Matador Resources by 27.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,468 shares of the energy company’s stock valued at $123,000 after purchasing an additional 1,630 shares during the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.
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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