Matador Resources (NYSE:MTDR) released its earnings results on Wednesday. The energy company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11, Briefing.com reports. The business had revenue of $207.18 million during the quarter, compared to the consensus estimate of $208.75 million. Matador Resources had a net margin of 24.93% and a return on equity of 9.84%. The company’s revenue for the quarter was up 64.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS.
Shares of MTDR stock traded up $0.08 during trading hours on Thursday, hitting $28.92. 3,087,500 shares of the company were exchanged, compared to its average volume of 1,445,912. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55. Matador Resources has a fifty-two week low of $25.47 and a fifty-two week high of $35.22. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.34.
A number of analysts have weighed in on the stock. Northland Securities set a $39.00 target price on shares of Matador Resources and gave the company a “buy” rating in a research report on Friday, August 3rd. Imperial Capital increased their target price on shares of Matador Resources from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Monday, October 22nd. Oppenheimer assumed coverage on shares of Matador Resources in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $43.00 target price for the company. Finally, Evercore ISI assumed coverage on shares of Matador Resources in a research report on Tuesday, September 25th. They set an “in-line” rating and a $38.00 target price for the company. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $37.47.
Matador Resources Company Profile
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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