Equities research analysts predict that Matador Resources Co (NYSE:MTDR) will report earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Matador Resources’ earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.28. Matador Resources posted earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 68%. The business is scheduled to announce its next earnings report on Wednesday, February 20th.
On average, analysts expect that Matador Resources will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.89. For the next year, analysts forecast that the firm will post earnings of $1.53 per share, with EPS estimates ranging from $0.20 to $3.11. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Matador Resources.
Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, October 31st. The energy company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $207.18 million for the quarter, compared to analysts’ expectations of $208.75 million. Matador Resources had a net margin of 22.69% and a return on equity of 11.17%. The business’s revenue for the quarter was up 64.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share.
MTDR has been the topic of several recent analyst reports. Evercore ISI initiated coverage on shares of Matador Resources in a report on Tuesday, September 25th. They issued an “in-line” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. cut shares of Matador Resources from an “overweight” rating to a “neutral” rating and cut their price target for the company from $27.00 to $21.00 in a report on Friday, December 7th. Wells Fargo & Co cut shares of Matador Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 11th. Zacks Investment Research cut shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, ValuEngine lowered shares of Matador Resources from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.76.
MTDR traded down $0.44 during trading on Friday, hitting $19.34. The company had a trading volume of 2,266,138 shares, compared to its average volume of 2,762,850. The stock has a market capitalization of $2.30 billion, a PE ratio of 26.86, a P/E/G ratio of 0.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.63. Matador Resources has a 1-year low of $13.97 and a 1-year high of $35.22.
In other news, CFO David E. Lancaster purchased 2,500 shares of the stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average price of $21.88 per share, for a total transaction of $54,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reynald Baribault purchased 1,500 shares of the stock in a transaction dated Friday, December 14th. The shares were purchased at an average price of $17.47 per share, with a total value of $26,205.00. Following the transaction, the director now directly owns 26,659 shares of the company’s stock, valued at approximately $465,732.73. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 33,005 shares of company stock valued at $758,302. 11.10% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Central Bank & Trust Co. grew its position in Matador Resources by 2.1% in the 3rd quarter. Central Bank & Trust Co. now owns 73,170 shares of the energy company’s stock valued at $2,418,000 after buying an additional 1,500 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Matador Resources by 3.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 58,565 shares of the energy company’s stock valued at $1,760,000 after buying an additional 1,811 shares in the last quarter. United Services Automobile Association grew its position in Matador Resources by 14.1% in the 2nd quarter. United Services Automobile Association now owns 16,914 shares of the energy company’s stock valued at $508,000 after buying an additional 2,090 shares in the last quarter. Creative Planning grew its position in Matador Resources by 18.0% in the 3rd quarter. Creative Planning now owns 13,730 shares of the energy company’s stock valued at $454,000 after buying an additional 2,091 shares in the last quarter. Finally, Aperio Group LLC grew its position in Matador Resources by 6.8% in the 3rd quarter. Aperio Group LLC now owns 36,169 shares of the energy company’s stock valued at $1,195,000 after buying an additional 2,302 shares in the last quarter. Institutional investors and hedge funds own 87.53% 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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