Equities analysts expect Matador Resources (NYSE:MTDR) to announce $0.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Matador Resources’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.25. Matador Resources reported earnings per share of $0.17 in the same quarter last year, which suggests a positive year-over-year growth rate of 70.6%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Matador Resources will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.07 to $1.79. For the next year, analysts forecast that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.41 to $1.99. Zacks’ EPS averages are an average based on a survey of analysts that follow Matador Resources.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $168.40 million during the quarter, compared to the consensus estimate of $148.89 million. Matador Resources had a net margin of 22.64% and a return on equity of 7.11%. During the same quarter in the previous year, the firm earned $0.08 EPS.
MTDR has been the subject of several recent analyst reports. Northland Securities set a $33.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research report on Monday, December 11th. Royal Bank of Canada set a $32.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Mizuho upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, January 19th. Finally, SunTrust Banks set a $40.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Matador Resources presently has a consensus rating of “Buy” and a consensus target price of $33.50.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Matador Resources by 36.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,013 shares of the energy company’s stock valued at $187,000 after buying an additional 1,617 shares during the period. Amalgamated Bank increased its stake in Matador Resources by 14.8% in the 4th quarter. Amalgamated Bank now owns 14,163 shares of the energy company’s stock valued at $441,000 after buying an additional 1,829 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Matador Resources by 8.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 29,170 shares of the energy company’s stock valued at $908,000 after buying an additional 2,200 shares during the period. Fortaleza Asset Management Inc. increased its stake in Matador Resources by 40.9% in the 4th quarter. Fortaleza Asset Management Inc. now owns 8,645 shares of the energy company’s stock valued at $269,000 after buying an additional 2,510 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Matador Resources by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 302,500 shares of the energy company’s stock worth $8,213,000 after purchasing an additional 2,600 shares during the period. Hedge funds and other institutional investors own 87.63% of the company’s stock.
Shares of NYSE:MTDR traded up $0.78 during trading on Wednesday, hitting $28.38. 597,683 shares of the company were exchanged, compared to its average volume of 1,195,243. The company has a market capitalization of $3,015.26, a PE ratio of 39.22, a P/E/G ratio of 0.79 and a beta of 1.20. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. Matador Resources has a 12-month low of $20.13 and a 12-month high of $33.96.
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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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