Matador Resources (NYSE:MTDR) – Analysts at Imperial Capital issued their FY2019 earnings estimates for shares of Matador Resources in a research report issued to clients and investors on Tuesday, April 24th. Imperial Capital analyst I. Haas expects that the energy company will post earnings per share of $1.67 for the year. Imperial Capital has a “Outperform” rating and a $42.00 price objective on the stock.
A number of other research firms also recently issued reports on MTDR. Stifel Nicolaus set a $37.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Monday. SunTrust Banks set a $40.00 price objective on shares of Matador Resources and gave the stock a “buy” rating in a report on Wednesday, January 24th. Deutsche Bank initiated coverage on shares of Matador Resources in a report on Thursday, February 1st. They issued a “hold” rating and a $37.00 price objective on the stock. Mizuho upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.69.
MTDR opened at $33.30 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3,683.87, a P/E ratio of 47.49, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. Matador Resources has a 12-month low of $20.13 and a 12-month high of $34.23.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $168.40 million for 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 last year, the firm posted $0.08 earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Matador Resources by 4.4% during the fourth quarter. Sei Investments Co. now owns 142,446 shares of the energy company’s stock valued at $4,434,000 after buying an additional 5,948 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Matador Resources by 22.5% during the third quarter. New York State Common Retirement Fund now owns 126,888 shares of the energy company’s stock valued at $3,445,000 after buying an additional 23,274 shares during the last quarter. Arizona State Retirement System raised its position in shares of Matador Resources by 37.5% during the fourth quarter. Arizona State Retirement System now owns 69,470 shares of the energy company’s stock valued at $2,163,000 after buying an additional 18,943 shares during the last quarter. Legal & General Group Plc raised its position in shares of Matador Resources by 8.5% during the third quarter. Legal & General Group Plc now owns 76,379 shares of the energy company’s stock valued at $2,074,000 after buying an additional 5,975 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Matador Resources during the third quarter valued at approximately $264,000. Hedge funds and other institutional investors own 87.74% of the company’s stock.
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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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