Matador Resources Co Forecasted to Post FY2018 Earnings of $1.58 Per Share (MTDR)

Matador Resources Co (NYSE:MTDR) – Research analysts at Seaport Global Securities lifted their FY2018 earnings per share (EPS) estimates for shares of Matador Resources in a research report issued to clients and investors on Thursday, November 1st. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of $1.58 for the year, up from their prior estimate of $1.53. Seaport Global Securities also issued estimates for Matador Resources’ Q4 2018 earnings at $0.34 EPS.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The firm had revenue of $207.18 million for the quarter, compared to the consensus estimate of $208.75 million. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The company’s revenue for the quarter was up 64.1% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share.

MTDR has been the topic of several other reports. ValuEngine downgraded shares of Matador Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Northland Securities set a $39.00 target price on shares of Matador Resources and gave the stock a “buy” rating in a research note on Friday, August 3rd. Imperial Capital lifted their target price on shares of Matador Resources from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note 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 on the stock in a research note on Monday, October 22nd. Finally, Oppenheimer started coverage on shares of Matador Resources in a research note on Wednesday, October 3rd. They set an “outperform” rating and a $43.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.47.

NYSE:MTDR opened at $27.55 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3.19 billion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. Matador Resources has a twelve month low of $25.47 and a twelve month high of $35.22.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Liberty Mutual Group Asset Management Inc. increased its position in shares of Matador Resources by 8.4% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 20,604 shares of the energy company’s stock valued at $619,000 after acquiring an additional 1,595 shares during the last quarter. Fortaleza Asset Management Inc. increased its position in shares of Matador Resources by 41.2% during the second quarter. Fortaleza Asset Management Inc. now owns 5,965 shares of the energy company’s stock valued at $179,000 after acquiring an additional 1,740 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Matador Resources by 3.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 58,565 shares of the energy company’s stock valued at $1,760,000 after acquiring an additional 1,811 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Matador Resources by 23.2% during the second quarter. Pinnacle Associates Ltd. now owns 10,100 shares of the energy company’s stock valued at $304,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Boston Advisors LLC increased its position in shares of Matador Resources by 8.9% during the second quarter. Boston Advisors LLC now owns 23,594 shares of the energy company’s stock valued at $709,000 after acquiring an additional 1,925 shares during the last quarter. Institutional investors and hedge funds own 88.19% of the company’s stock.

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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Earnings History and Estimates for Matador Resources (NYSE:MTDR)

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